GKN scheme splits into four and sees deficit reduction following Melrose acquisition

Kim Kaveh
clock • 2 min read

Melrose Industries has separated one of GKN's two defined benefit (DB) schemes into four sections allocated to the aerospace and automotive segments of the business, according to its half year results.

The firm's results for the six months to 30 June 2019 - published today (5 September) - follow GKN's acceptance of Melrose's £8.4bn offer for the business in March 2018 after a three-month battle f...

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