EXCLUSIVE: Workers at one of the Island’s largest employers, GKN Aerospace, are facing the possibility of losing their jobs should they not sign a new contract being imposed by the company, Island Echo can exclusively reveal.
Following numerous tip-offs from disgruntled members of the workforce, it is understood GKN Aerospace are putting in place a new contract with longer working hours for similar or, in some cases, less pay.
The proposal put forward by the Defense manufacturer, which has upset Union bosses, means that the first five hours of overtime will be paid at a flat rate, instead of at the usual time and a half pay. Day staff are expected to work longer hours throughout the week, potentially on a Friday afternoon, while shift staff will loose out on their hard earned wages overall.
Workers have expressed their fears to Island Echo that should the new contract not be signed, a move that the Union are said to support, then any long time service and/or redundancy pay will not be paid out and many will be left without a job and most importantly, without an income, effecting hundreds of families across the Isle of Wight.
Despite reported profits before tax of £588 million across the GKN Aerospace company worldwide, workers at both the Ferry Road and Osborne sites in East Cowes have been told that £7 million must be saved on the Island – the main reasoning behind the money-saving contract change.
Island Echo contacted GKN Aerospace last week with our investigation, however the company has declined to comment on these claims.
Union bosses are said to have met with the management team at GKN Aerospace to discuss these changes, which are being opposed.
Photo: Engine photo by GKN Aerospace