UK-based supplier GKN Aerospace has provided details of its restructuring exercise, which is set to cut 1,000 jobs worldwide.

The global reorganisation plan is to help construct a ‘simpler, more competitive, customer-focused business’, as well as to enhance operational performance.

Under the new structure, the company is planning to integrate its four independent divisions, which are currently dedicated to developing their own products and internal capabilities.

The move follows after the business has grown swiftly through acquisition over the recent years. Investor Melrose took over GKN Aerospace’s parent organisation last year.

The company has seen its annual revenues grow from £600m in 2006 to £3.5bn last year.

GKN Aerospace chief executive officer Hans Büthker 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.”

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The restructuring will be carried out in the next two years and result in the reduction of the company’s workforce by 1,000 non-production roles.

With 18,000 staff, GKN Aerospace has 50 manufacturing sites across 15 countries. Once restructured, the company will function as a single business.

GKN Aerospace noted that a consultation with key stakeholders regarding the proposals is currently underway.

Büthker added: “Looking ahead, when this restructuring is complete, we will be simpler, stronger and more successful.

“We will be better able to standardise our processes and internal systems, and therefore drive up operational performance. We will be able to collaborate and share best practice more effectively across our network of sites. We will be able to offer our full range of technology to customers via clear customer-facing teams. In all, we will be more efficient and better positioned for future growth.”