The company says it 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.
The details are part of a worldwide reorganisation in an attempt to create a simpler, more competitive, customer-focused business.
Hans Büthker, CEO of GKN Aerospace commented: “This is a fundamental transformation of the business and it is the right move for the long-term as we move into a more coherent business structure. The reduction in roles is difficult for all involved and we will work closely with Works Councils and social partners in all our key regions over the coming months to minimise the impact wherever possible, and ensure the process is managed in the most appropriate way.”
The business has grown rapidly by acquisition over recent years, increasing in scale from £600 million turnover in 2006 to more than £3.5bn at the end of 2018.
Currently it is structured with four independent divisions, each focused around products and internal capabilities.In the new structure, GKN Aerospace will fully integrate as one business, with customer-facing teams and a single, connected network of global sites, all supported by shared services.
