According to the Financial Times on the 3rd, GKN Aerospace, a UK multinational that primarily operates automotive and aerospace projects, will reduce about 1,000 jobs in the next two years as part of its strategy to streamline operations and improve its performance.

 

GKN Aerospace said that layoffs are mainly for non-production back-office support, combining four internal units into one department, and the layoffs will account for 6% of the total number of employees of 18,000. Its chief executive, Hans Büthker, said that the company's rapid growth in recent years has made its operations relatively complex, and it is time to create a single, fully integrated business that is aligned with the needs of its customers. And complementing this will benefit standardization of workflows and internal systems to improve operational performance.

 

GKN Aerospace did not rule out strong sanctions, but said it would try to manage the majority of unemployed employees through natural means such as attrition or redeployment. Most of its employees are located in the United States, the Netherlands, Sweden and the United Kingdom. The business unit in the UK has approximately 3,500 employees and has not yet decided on major layoffs. GKN Aerospace was bought out by Melrose Industries for £8 billion last year, fearing a politically strong rebound in its separation of assets, followed by Melrose Industries' commitment to include the sale of GKN Aerospace Aerospace within five years without government approval. .

 

However, Melrose was accused of violating his promise in April this year, as the company announced that GKN's plant in West Midlands will cut 170 jobs by 2021. Melrose said at the time that the decision was made by GKN's management and pointed out that it would invest £320 in the Filton Aircraft Wing Technology Center. Analysts at investment bank RBC Capital Markets said the news that the labor force is expected to fall by 6% is in line with a strategy to increase sector profits by at least 12%.

 

 

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