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
30.30 - Manufacture of air and spacecraft and related machinery
Number Employed: 2000

Employment Effects

Announcement Date: 24-06-2020
Planned Job Reductions min: 350
Type of Restructuring: Internal restructuring

Additional Information

GKN Aerospace has announced its plan to dismiss up to 350 in Trollhättan where the company produces engines for aircrafts and space rockets. Up to 200 white-collar employees and 150 blue-collar employees risk losing their jobs. According to the company, the COVID-19 pandemic has had a significant impact on demand for aircraft engines which is expected to remain low for a long time. 

A representative of a trade union that represents white-collar workers argued that this decision did not come as a surprise, but they had in fact expected the notice for redundancy to cover a larger part of the workforce. According to their website, GKN Aerospace is a global company with 18,000 employees in 14 countries. They produce aerostructures and engine systems. The company employs approximately 2,000 in Trollhättan. 

GKN Aerospace acquired the Volvo group's aircraft engine business in 2012.

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