July 10, 2020 / 6:28 AM / a month ago

Aerospace supplier Senior cuts more jobs as production rates tumble

July 10 (Reuters) - British engineer Senior Plc said on Friday it laid off another 12% of its staff and forecast a drop of about 30% in revenue for the first half as it deals with a steep downturn in the aerospace industry.

The company, which supplies parts to U.S. planemaker Boeing Co among others, said it was expecting a steep reduction in production rates in its civil aerospace division to continue into the second half of the year and into 2021.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva

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