Senior
Senior designs and manufactures high-technology components and systems for aerospace, defence and other markets. Credit: Santosh Puthran via flickr.

British aerospace supplier Senior has revealed decision to close its Aerospace Bosman unit in the Netherlands next year.

The move is part of the company’s restructuring programme to further reduce costs considering the ongoing challenging market conditions.

The company will relocate production at this unit to its aerospace facilities in France.

Additionally, Senior merged its aerospace structures and aerospace fluid systems divisions to form a single aerospace division.

Following the additional restructuring, the company expects the total restructuring charge for FY2020 to be around £37m.

Senior chief executive officer David Squires said: ”Our highest priority continues to be the health and welfare of our employees.

“hey have worked tirelessly and skilfully in response to the changing environment; however, we have had to take some very difficult decisions across Senior with many loyal and highly valued colleagues leaving the organisation.

“Turning to the outlook for the remainder of the year, it is clear that we are in the midst of a second wave and the coronavirus pandemic is continuing to have a profound effect on some of our markets.

“We may yet see some short-term changes in customer requirements due to Covid-19, which could impact Q4 2020, however, overall, the board’s current expectations for 2020 are broadly in line with market expectations.”

In its third-quarter trading update, the company reported aerospace sales dropped by 45% year-on-year on a quarterly basis.

Last month, Senior’s Aerospace Thailand operating business secured a multi-year contract with Pratt & Whitney to supply precision machine parts for the PW800 engine series.