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200 IW staff wait merger news

200 IW staff wait merger news
By Emma Philo Thu, 13 September 2012 3:15PM

Around 200 staff at a major Isle of Wight employer are awaiting further news about a possible merger.

BAE systems, which has a radar facility in Cowes, confirmed yesterday (12 September) to the London Stock Exchange that it's in talks with Airbus aircraft manufacturer EADS.

A company spokesman told IW Radio that staff were communicated the same information 15 minutes later by email.

The international company says it doesn't believe job losses will be part of the deal, which has to be signed by 10 October. 

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