Reuters logo
BRIEF-GKN CEO says surprise claims from customers felt like 'being mugged'
October 13, 2017 / 8:13 AM / 2 months ago

BRIEF-GKN CEO says surprise claims from customers felt like 'being mugged'

Oct 13 (Reuters) - GKN

* Ceo says informed of two claims in 24-hour period earlier this week, claims not litigation

* Ceo says customer claims not expected to be recurring

* Says new claims and slowdown felt like “walking down street and being mugged”

* Ceo says pricing in aersopace not changed dramatically, but we haven’t made produtivity improvements in north america to offset them

* Ceo says optimistic will see improvements in aerospace but will not happen overnight

* Ceo says says will probably take couple of years to achieve margin improvements

* Ceo says confident as we move through aerospace programme transitions will see progress in 2018 and 19 Further company coverage: (Reporting By London Bureau)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below