1200 axed as new cars slump; your money.Byline: CLINTON MANNING CAR parts giant GKN GKN Guest, Keen & Nettlefolds (British global engineering company) GKN Global Knowledge Network GKN Gemeenschappelijke Kernenergiecentrale Nederland GKN Global Korean Network GKN Iks Gorkon (Star Trek novel Series) is shedding another 1,200 jobs after new vehicle sales slumped. It brings to 3,600 the number of workers due to be axed by July of next year. The latest cull cull the act of culling. Called also cast. will fall outside of the UK but 564 jobs are due to be shed here, with plans to close three factories in Birmingham and Burnley. GKN crashed from pounds 132million profit to an pounds 8m loss in the first half of the year. The firm, which specialises in making driveshafts for major car manufacturers, also produces parts for tractors, diggers and planes. |
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