EMCC European Monitoring Centre on Change

GKN Aerospace

Company/Organisation:
GKN Aerospace

Geographic Location

Country: Sweden
Region: Västra Götalands län; Västsverige
Location of affected unit(s): Trollhättan

Company

Sector: Manufacturing
Manufacture of transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
Number Employed: 2200

Employment Effects

Announcement Date: 16-11-2012
Planned Job Reductions min: 350
Type of Restructuring: Merger/Acquisition
Other Job Reduction Measures: 350

Additional Information

GKN Aerospace, manufacturer of aircraft and rocket engines in Trollhättan, has announced a reduction of its staff by 350 employees to improve profitability and meet the decline in demand. The aim is to implement the 350 reductions by natural attrition and by not renewing temporary contracts. GKN Aerospace has 2,200 employees at the plant in Trollhättan.

The production plant in Trollhättan, formerly Volvo Aero, was recently acquired by GKN Aerospace. Union representatives are not surprised by the announcement, as the management has been clear about the need to cut costs to improve the competitiveness of the company. GKN Aerospace is a global supplier to the aviation industry with 11,000 employees.

As of November 2012, there is no information about when the reductions will start taking effect or when they will be implemented by. Negotiations with the unions are already underway.