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Tory mayor slams Melrose over closure of GKN’s last remaining British car parts factory By Matt Oliver For The Daily Mail Published: 22:02 GMT, 8 February 2021 | Updated: 22:02 GMT, 8 February 2021 West Midlands mayor Andy Street has condemned the owners of GKN over the decision to close its last car parts plant … Read more
Melrose set to make sweeping job cuts at GKN’s aerospace business by Christmas after losses spiralled in first six months of the year due to Covid-19 By Francesca Washtell For The Daily Mail Published: 22:24 BST, 3 September 2020 | Updated: 22:24 BST, 3 September 2020 Melrose Industries is set to make sweeping job cuts … Read more
BUSINESS LIVE: FTSE 100 on the rise; Melrose warns of GKN job cuts; SSE fined £2m; Jet2 to add more flights Melrose says GKN Aerospace on track for ‘better performance’ in 2021 FTSE 100-listed firm Melrose said it plans to cut a ‘significant’ number of jobs By Jane Denton For Thisismoney Published: 08:27 BST, 3 … Read more
Boss claims takeover WILL come good, but Melrose shares plunge as coronavirus lays waste to GKN Critics of Melrose, and the men who run it, will seize on this as evidence of a well-deserved nemesis Chief executive Simon Peckham insists the deal will pay off in the end By Ruth Sunderland for the Daily Mail … Read more
Fears of huge job cuts at GKN as aerospace giant pays staff to quit GKN asked staff at two of its aerospace factories to take voluntary redundancy Aerospace manufacturers are grappling with a slump in demand in civil aviation Last week, Rolls-Royce announced plans to slash 9,000 jobs By Jamie Nimmo For The Financial Mail … Read more
Corporate raider Melrose has cut nearly 900 jobs at engineer GKN since its controversial takeover Staff numbers fell by 861 to 48,068 under Melrose in 2018 Biggest decline was at its Driveline division, which makes driveshafts for cars It was recently revealed Melrose was shutting a GKN factory near Birmingham By Jamie Nimmo, Financial Mail … Read more