GKN to axe 1,250 jobs worldwide

Engineering group GKN is cutting 1,250 jobs worldwide as it responds to the slowdown in the automotive and aerospace markets, it said today.

GKN to axe 1,250 jobs worldwide
Tue, 30 Oct, 2001 - 09:45

Engineering group GKN is cutting 1,250 jobs worldwide as it responds to the slowdown in the automotive and aerospace markets, it said today.

GKN has been hit by falling demand for parts from major vehicle producers and expects to see a substantial downturn in orders at its civil aviation arm.

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