Senior Faces Layoffs Due to Challenges in Aerospace Manufacturing

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3 days ago
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UK engineering firm Senior has announced layoffs in response to ongoing challenges in the commercial aerospace manufacturing sector. The company has been impacted by supply chain issues and production constraints involving major clients like Boeing and Airbus.

Senior has already initiated cost and cash management measures, although the exact number of job cuts has not been disclosed.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.