BAE Systems, one of the country’s biggest defence contractors, has announced that it will make about 450 staff redundant after losing a maintenance contract.
The Australian reports that the Australian arm of BAE made the decision after losing a Land Material Maintenance contract, involving the maintenance of equipment, with the Department of Defence. The contract is expected to go to Transfield.
A spokeswoman said the cuts were nothing out of the ordinary.
"We have 5500 employees located across regional and rural Australia working on a wide range of projects," she said.
"Because much of our work is project-based, we have people rolling on and rolling off all the time.
She added that some of the employees may find other work within the company.
"Staff changes are part of the normal project life-cycle and we aim to manage these through a combination of redeployment and natural staff turnover.