Defence company to shed 450 Aust jobs

ONE of Australia's largest defence companies, BAE Systems, will make more than 400 workers redundant as it reels from the loss of defence contracts.

The Australian arm of the global defence company has revealed the loss of a maintenance contract will affect about 450 staff, according to the Australian newspaper.

The Land Material Maintenance contract, which is expected to be awarded to Transfield from July 1, is for the maintenance of Defence's land-based equipment such as military vehicles.

A BAE spokeswoman said on Wednesday the maintenance services elements of their contracts employ around 450 people, and the company is working closely with those affected to "support their transition".

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