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MILAN (Reuters) - Italian aerospace and defence group Leonardo is confident it will meet guidance this year on earnings, debt and cash flow despite bigger losses at its Aerostructures division, senior managers said on Wednesday.
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Aerostructures, which produces parts for civil airplanes, will continue to have lower orders from Boeing, which means the business will face bigger losses this year than in 2020.
The group will take action to cut around 1,000 jobs in the division as part of a restructuring, the management said, which prompted a reaction from trade unions, which asked for government support to safeguard Leonardo’s four production sites in southern Italy, which employ around 5,500 people in total.
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