Three hundred jobs are to go at the airline Flybe, a third at its headquarters in Exeter. The company is trying to reduce costs by £35 million as passenger revenues fall and fuel prices rise.
The firm is mainly blaming the increase in air passenger tax which managers say left them with "no choice" but to cut jobs.
Unemployment in the South West has fallen by 10,000 in the last three months. Figures released by the Office for National Statistics show that the current unemployment rate is 5.5%
It comes at the same time 300 jobs losses have been announced by Flybe, a 100 of which will go in Exeter. The company is trying to save £35 million as passenger revenues fall and fuel prices increase.
Thirty three people in Exeter have been made redundant from the electrical chain Comet. It brings the total number of jobs axed at the group across the UK to more than 700. Most of the job losses come from the company's home delivery network. No jobs have gone at Comet stores so far.
Employment Minister Mark Hoban says there are still some challenges for Devon and Cornwall as new figures reveal unemployment has fallen in the South West.
Nationally, around 50,000 more people were in work according to the official figures for July to September. The unemployment figure is 2.51 million. Average earnings are also up 1.8%.[
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The Office for National Statistics (ONS) said that a total of 155,000 people were unemployed in the South West between July and September. The region's unemployment rate was 5.8% and saw a drop of 1.3% during the period.
Unemployment in the South West dropped by 2,000 this summer, according to the official figures released today.
150,000 people were out of work, or 5.8%. The region's reflecting the national picture, with total unemployment now at its lowest level for a year.
A Royal Navy veteran who lost his leg after a car crash says he's been turned down for 2600 jobs in one year.
Mark Cock from Camborne believes employers won't take him on because of his disability, even though he's physically active, able to drive, and qualified in IT and plumbing.
He's now calling for more to be done to help disabled people back into work:
100 jobs are to go from a specialist paper mill in Ivybridge, Devon.
Stowford Mill has been making paper in the town for the past 150 years. It'll be closed over the next 18 months by its French owner, Arjo Wiggins.
Business leaders say there could be a knock on effect for the supply chain which could cost another 50 jobs.