The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
564 jobs Number of planned job losses
Announcement Date
17 February 2009
Employment effect (start)
17 February 2009
Foreseen end date
30 June 2010
Description
GKN, an engineering firm, is to cut 564 jobs at sites across the UK. The affected plants are all involved in the manufacture of parts for car manufacture. GKN's plant at Hamstead near Birmingham will close by the end of the year, and its Walsall site will close by the middle of 2010, with a combined loss of 323 jobs. The company will also cut 150 jobs at its Telford site, 35 jobs at its Luton site and 56 with the closure of the Burnley site. The company employs 42,000 people worldwide, although it is not known how many of these employees are UK-based.
Sources
17 February 2009: Financial Times
17 February 2009: The Guardian
17 February 2009: BBC News
Citation
Eurofound (2009), GKN, Internal restructuring in United Kingdom, factsheet number 68287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68287.
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