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

|About: CAE Inc. (CAE)|By:, SA News Editor

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.