Melrose Investor Presentation Deck
Aerospace: restructuring overview
Melrose
Buy
Improve
Sell
COVID-19
RESPONSE
"All complete"
FOOTPRINT
RATIONALISATION
"All underway"
Region
USA
Europe
China
Other
Total
FTES at Jan
2020
5,450
10,900
1,250
950
18,550
% FTE
reduction at
Dec 2020
(15%)
(17%)
(30%)
9%
(16%)
Europe
▪ UK plant closure (Kings Norton)
completed in H2 2021
■ Nordics consolidation to create centres
of excellence started H1 2021
■ Netherlands rationalisation from five to
two sites started H1 2021
■
Strictly Confidential
■ Further indirect and
based on lower demand
▪ New more efficient organisation
structure effective from 1 February
2021
■ Office closures where not linked to
operations
Significant sustained reduction in direct
labour across all businesses/regions
verhead savings
■
North America
▪ Camarillo site closed 2020
▪ St Louis plant closure announced H1
2022
Orangeburg and El Cajon rightsizing
and move to Mexico started H1 2022
▪ Amityville and Manchester plant
closures starting in H1 2022
Portfolio action completed includes sale of non-core, unprofitable assets:
Fokker Services & Fokker Techniek; Cincinnati; and Santa Ana
GKN Aerospace
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