GKN

Contains threads on equipment developed by the UK defence and aerospace industry, but not in service with the British Armed Forces.
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dmereifield
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GKN

Post by dmereifield »

https://www.ft.com/content/08e2dfaa-8c9 ... 9f5696c731

Looks like a few hundred jobs to be lost, sadly

marktigger
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Re: GKN

Post by marktigger »

looks like AH64E is going to Beoing then

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SKB
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Re: GKN

Post by SKB »

GKN sold to Melrose Industries for £8bn
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(BBC News)
One of Britain's oldest engineering firms has been sold for £8.1bn to a controversial investment firm.

GKN, which has had a hand in making everything from Minis to Spitfires, lost its battle to stay independent.

Melrose Industries, which specialises in turning round troubled manufacturing businesses and selling them on, won the backing of 52% of GKN shareholders.
More @ BBC News: http://www.bbc.co.uk/news/business-43584083

RunningStrong
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Re: GKN

Post by RunningStrong »

It's Kraft all over again :/

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Jdam
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Re: GKN

Post by Jdam »

Melrose Industries, which specialises in turning round troubled manufacturing businesses and selling them on
Should never have been allowed, I wonder how many job are going to go :(

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