300 jobs could go at Marshall Aerospace
Marshall Aerospace and Defence Group in Cambridge has begun a major restructuring of the business that could lead to up to 300 job losses.
Consultations with staff continued today as the company seeks to take as much pain as possible out of the significant restructuring process. Management say they have to refine the business model to ensure sustainable success over the long haul in the face of intense global competition.
One of the world’s most successful innovators in aerospace and defence, Marshall ADG has enjoyed decades of success in both civil and military spheres.
A Queen’s Award winner, it was awarded a £13.5 million contract to support MBDA missile systems earlier this month and in August received a special accolade for excellence from global giant Boeing.
A statement from the company today revealed: “Marshall Aerospace and Defence Group has announced the beginning of the process to build a more agile, competitive and sustainable company which will ensure that Marshall ADG becomes a stronger competitor and partner in the UK and overseas.
“Our underlying core business is strong and we are continuing to support our many customers and invest heavily in the business; including the recent £20m upgrade of the Cambridge Airport’s runway and infrastructure.
“We are building a new, simpler business operating model, which is modern, flexible and affordable.
“This is a significant change to the business which will, regrettably, impact on the number of people within the company and we have begun consultation on a proposed reduction of up to 300 positions throughout the organisation, at all levels.
“Our priority through this transformation is to maintain our focus on delivering for our customers whilst strongly supporting all of our employees who may be affected by this.”