Friday, April 5, 2019

Melrose plan to shut GKN Aerospace factory is 'breach of faith'

Melrose denies loss of jobs at Birmingham factory violates assurances over GKN’s future

Melrose has been accused of a “breach of faith” after revealing plans to shut a GKN factory in Birmingham, a year after promising to invest in the business to avoid government intervention in its £8bn takeover of the engineering firm.

The Kings Norton factory, which makes windscreens and windows for both civilian and military aircraft, is to close with the loss of 170 jobs over a two-year period.

Related: What are Brexit contingency plans for aerospace and defence?

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from Mergers and acquisitions | The Guardian http://bit.ly/2D0gMtf

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