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CAE (CAE -2.9%) plans to cut ~300 jobs, or ~4% of its workforce, due to expectations of falling...

CAE (CAE -2.9%) plans to cut ~300 jobs, or ~4% of its workforce, due to expectations of falling defense spending in Europe. CAE will take a charge of C$25M in the restructure, which it announced with its FQ4 earnings. Net profit rose to C$53.2M from C$45.5M.

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