ASSET STRIPPERS AXE 270 JOBS

INVESTMENT giant Melrose is planning to cut 270 jobs as it continues its bid to buy engineering firm GKN.

Union officials said workers at the Brush turbogenerator business in Loughborough which Melrose bought in 2008 face the axe. The firm blamed lower global demand for equipment which provides electricity for the oil and gas industry.

Unite union national officer Linda McCulloch said: ‘Unite is far from convinced of the case behind this move and will be challenging the rationale during the consultation.’