What the papers say:

There's nothing like a good job scare to make the headlines, as BAE Systems found out last week when it announced that it was selling its 20 per cent stake in Airbus.

'Jobs fears in Airbus sale' (The Sun); 'Jobs fears over Airbus' (Sky News); 'Job fears as BAE confirms sale talks' (Daily Mail) ran the 7 April headlines, despite recognition that BAE, Airbus UK and the Government had 'gone out of their way to allay such fears' (The Daily Telegraph, 8 April).

Little mention was made of the legal safeguard requiring Airbus wing production, and thus the jobs, to remain in the UK indefinitely.

Beyond the knee-jerk response was analysis of BAE's decision, the decline of British manufacturing and global competition: 'strategically stupid, technologically vapid and deeply depressing', commented The Observer's Will Hutton (9 April).

Elsewhere, opinion was upbeat: 'BAE is cleverly bailing out before rising research and development costs hit' (The Sunday Telegraph, 9 April); 'BAE knows how to fly and it's not with Airbus' (The Independent, 9 April).

It may have flown into a 'political firestorm' (The Guardian, 8 April), but clearer skies could lie ahead.

Analysis conducted by Echo Research from data supplied to PRWeek from NewsNow.
www.echoresearch.com
www.newsnow.co.uk

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