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Helicopter firm to cut 375 jobs

AgustaWestland is to cut up to 375 jobs under a restructuring of its UK operations, the helicopter firm has announced.

The Finmeccanica-owned company said revenues from the Ministry of Defence were declining, while export orders had slipped in the near term.

The job losses will mainly be in management and corporate functions, said the firm, which employs almost 3,600 workers in the UK mainly at its factory in Yeovil, Somerset. Its business headquarters is in Farnborough, Hampshire.