Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis.
It will cut 1,700 jobs in the UK, along with thousands more in Germany, Spain and elsewhere.
The move is subject to talks with unions which have opposed compulsory redundancies.
The company warned in April that it was “bleeding cash at an unprecedented speed”.
Some 134,000 people work for Airbus worldwide, with around a tenth of them in the UK.
The firm said the UK cuts would fall at its sites in Broughton in Wales and Filton in Bristol.
It expects to make the cuts by summer 2021, but hopes the majority of redundancies will be voluntary or through early retirement of staff.