Meggitt cuts 1,800 jobs to save cash as coronavirus hits demand

LONDON (Reuters) - British engineering company Meggitt said it planned to shed about 1,800 jobs as part of a cost cutting plan to cope with a contraction in the world's air travel market due to the coronavirus pandemic. Meggitt, which makes parts used in planes, said on Thursday that it was too early to provide guidance for this year given the coronavirus crisis, and its focus was on cutting costs. It said it would reduce its cash expenditure by 400 million to 450 million pounds ($494 million -..