AMAZON OPTS FOR THIRD PARTIES FOR DRONES

U.S. online retailer Amazon.com Inc has laid off dozens of R&D and manufacturing staff from its delivery drone project, Amazon Prime Air, the Financial Times reported on Thursday. The company has reached tentative deals with two external manufacturers to build component parts of its long-awaited drone, the newspaper said, adding that more deals with third parties could be finalised soon. SOURCE; Financial Times via Reuters

US COMPANY EXPANDS SCOTTISH PRESENCE

An American software company is to expand its Scottish operations with a £10 million investment that will double staff numbers. User Testing has its headquarters in San Francisco, California, but it set up a European base in Edinburgh in the summer of 2019 to work on product design and engineering. It has continued to hire during the coronavirus pandemic and now has about 70 people in the Scottish capital. SOURCE: The Times

SWISS LAUNCH SPACE MARKETPLACE

The Swiss Space Center and the European Space Agency (ESA)’s Business Incubation Center in Switzerland are launching Space4Impact, an online event “to raise awareness about space technologies and launch a digital marketplace platform to connect corporates, investors, organizations, and startups”, Space4Impact said. The event is supported by the Swiss Federal Department of Foreign Affairs, the Office for Economic Affairs & Innovation at the Swiss State of Vaud and the Swiss Federal Institute (EPFL) Tech4Impact initiative. SOURCE: spacewatch.global

THOUSANDS LOSE JOBS AT THYSSENKRUPP

German conglomerate Thyssenkrupp plans to cut another 5,000 jobs to stem losses across its sprawling empire, it said on Thursday, after reporting its operations were 1.6 billion euro (1.4 billion pounds) in the red in the latest financial year. Despite closing the sale of its elevators business in July for more than 17 billion euros to help fund restructuring and cut debt, the group remains in crisis and CEO Martina Merz said more painful restructuring will be needed to stop burning cash. SOURCE: Reuters

FILE PHOTO: An Amazon Prime Air Flying Drone is displayed during the ‘Drones: Is the Sky the Limit?’ exhibition at the Intrepid Sea, Air & Space Museum in New York City, U.S., May 9, 2017. REUTERS/Brendan McDermid