GKN Aerospace is set for a worldwide reorganisation which over the next two years will see the firm's headcount expected to reduce by around 1,000 roles.
These will be non-production roles, as it reduces layers of management and support functions, and increases its focus on operations.
The company says the new structure will enable the business to better serve its customers, improve operational performance, collaborate internally and maximise its potential for future growth.
In the new structure, GKN Aerospace will fully integrate as one business, with customer-facing teams and a single, connected network of global sites, all supported by shared services.
Hans Büthker, chief executive officer GKN Aerospace, said: “We are creating a single, fully integrated business aligned to our customers’ needs, which will ensure we are better positioned within the competitive global aerospace market.
“Our rapid growth has brought us world-leading technology, an outstanding global footprint from which to support our customers, a balanced portfolio of work across all major aircraft platforms, and great people. It has also made us relatively complex. By taking the next step and fully integrating, we can begin to realise our full potential.”
GKN Aerospace has said it will aim to manage as much of this reduction as possible through natural means, such as the usual turnover of people, vacancy management and redeployment of employees.
The business has grown rapidly by acquisition over recent years, increasing in scale from £600 million turnover in 2006 to more than £3.5 billion at the end of 2018.