{"id":14604,"date":"2019-09-11T09:02:13","date_gmt":"2019-09-11T08:02:13","guid":{"rendered":"https:\/\/www.compositestoday.com\/?p=14604"},"modified":"2019-09-11T09:04:14","modified_gmt":"2019-09-11T08:04:14","slug":"gkn-aerospace-to-cut-1000-jobs-worldwide","status":"publish","type":"post","link":"https:\/\/www.compositestoday.com\/2019\/09\/gkn-aerospace-to-cut-1000-jobs-worldwide\/","title":{"rendered":"GKN Aerospace to cut 1,000 Jobs Worldwide"},"content":{"rendered":"

GKN Aerospace is set to axe 1,000 jobs worldwide as part of a restructuring plan that pre-dates its \u00a38bn takeover by Melrose.<\/strong><\/p>\n

The company which has grown rapidly by acquisition, increasing in size from \u00a3600m turnover in 2006 to more than \u00a33.5bn at the end of 2018 said it needed to cut the positions to simplify the business reducing duplicate roles created by these acquisitions across the 15 countries in which it operates from.<\/p>\n

GKN Aerospace is part of the GKN engineering group which was purchased by Melrose after a hostile takeover last year. After the takeover was successful Melrose had to make assurances to the UK government to keep its own companies headquarters and stock market listing here in the UK.<\/p>\n

We are creating a single, fully integrated business aligned to our customers\u2019 needs, which will ensure we are better positioned within the competitive global aerospace market.
\nHans B\u00fcthker, Chief Executive Officer GKN Aerospace<\/cite><\/p><\/blockquote>\n

The company said that the reorganisation will take place over the next two years and, following the move to simplify the business, GKN Aerospace\u2019s global headcount and will aim to manage as much of this reduction as possible through natural means, such as the usual turnover of people, vacancy management and redeployment of employees.<\/p>\n","protected":false},"excerpt":{"rendered":"

GKN Aerospace is set to axe 1,000 jobs worldwide as part of a restructuring plan that pre-dates its \u00a38bn takeover by Melrose. The company which has grown rapidly by acquisition, increasing in size from \u00a3600m turnover in 2006 to more than \u00a33.5bn at the end of 2018 said it needed to cut the positions to simplify the business reducing duplicate roles created by these acquisitions across the 15 countries in which it operates from. GKN Aerospace is part of the […]<\/p>\n","protected":false},"author":2,"featured_media":14607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[304,963],"class_list":["post-14604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-news","tag-gkn","tag-melrose"],"yoast_head":"\nGKN Aerospace to cut 1,000 Jobs Worldwide - Composites Today<\/title>\n<meta name=\"description\" content=\"GKN Aerospace is set to axe 1,000 jobs worldwide as part of a restructuring plan that it says pre-dates its \u00a38bn takeover by Melrose.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.compositestoday.com\/2019\/09\/gkn-aerospace-to-cut-1000-jobs-worldwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GKN Aerospace to cut 1,000 Jobs Worldwide - 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