Marshall Aerospace

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Cambridge, Kirkbymoorside, Brize Norton, Birmingham
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
30.3 - Manufacture of air and spacecraft and related machinery
300 jobs
Number of planned job losses
Job loss
Announcement Date
27 September 2017
Employment effect (start)
Foreseen end date

Description

Marshall Aerospace has announced plans to cut 300 jobs, from its staff of more than 2,000 employees. The restructure is intended to make the business model more flexible and affordable. The company which is headquartered in Cambridge, with sites in Kirbymoorside, Brize Norton and Birmingham, manufactures and services aircrafts. The intended losses for each of the sites have not been reported. The news of the job cuts comes after a 13.5 million GBP defence contract award and a spokesperson for the unite trade union has therefore described the news as 'very disappointing'. 

Sources

  • 27 September 2017: BBC Website
  • 28 September 2017: Insider Media

Citation

Eurofound (2017), Marshall Aerospace, Internal restructuring in United Kingdom, factsheet number 92315, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92315.