Qinetiq restructures ahead of time

Qinetiq, the international defence and security technology group, said today (30 September) it had completed its European restructuring programme ahead of schedule.

In a trading update for the last six months , the group reported it had performed in line with expectations. The restructuring programme announced earlier in the year end had been completed ahead of plan and on budget and would generate savings of at least £12 million a year.