Marshall Aerospace and Defence Group confirms plans to cut 300 jobs
The Cambridge company says it's part of a new business operating model.
Marshall Aerospace and Defence Group is to cut up to 300 jobs as it ‘transforms for the future’.
It has today announced the redundancies are necessary to the company’s aims to build a more agile, competitive and sustainable company.
In a statement the company said the move will ensure that Marshall ADG becomes a stronger competitor and partner in the UK and overseas.
The statement read: “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.”