Staff at GKN Aerospace in East Cowes have once again been given the opportunity to voluntarily resign from the company and walk away with a lump sum payout.
The firm has re-opened its a voluntary resignation scheme, which encourages members of staff to say farewell to the company with the added incentive of a £20,000 tax-free payout.
A similar scheme was opened back in May of this year, as previously reported by Island Echo.
The news comes at a time when the aviation industry finds itself in turmoil due to the ongoing coronavirus crisis.
Staff at both the Falcon and Osborne sites have been offered the package.
A spokesman has confirmed to Island Echo that the scheme has re-opened but that it is entirely voluntary for employees who feel they would benefit from it.
Mismanagement of the highest degree wouldn’t want them to run a bath let alone a major company
Steve your comments are wrong the reason that they are asking is because most of there work is for boing aircraft and that company have cut back making planes because of their problems with there aircraft falling out of the sky
“boing aircraft”
GKN make springs, do they?
Hopefully, then they’ll bounce back!
Go on Lee.. Get Your Redundancy In.. Everyone Knows Your Work Shy
The World Economic Forums Great Reset has decided amongst other things, to reduce carbon emissions by 7% year on year.
Everything will change.
We are never going back, it has been decided way above our national democracies.
This is your new normal.
A company like G.K.N will lose up to 50% of its business,(Civil Aviation)and will have to focus on Military and Drones.
I for one have seen the future and am applying to go, along with many other colleagues.
A majority will leave the island, further shrinking the tax base.
Those that stay will be claiming their rightful due from the Government after many, many long years of toil.
Good luck to them.
Is that you, Mr. Cook? The only reason I ask is that if this is you, I’m the incredibly good looking, young, athletically built chap who worked in your favourite cycle shop until I was made redundant a few weeks ago!