GKN facility in PCB shuts down, fires employees

News
Artist Rendering of GKN Facility_1487203758451.jpg

PANAMA CITY BEACH, Fla. (WMBB) – After years of work and promises to invest $50 million and bring 170 high paying jobs to Bay County GKN Aerospace is shutting its doors and has laid off 60 employees.

“It’s very disappointing,” said Becca Hardin, the president of the Bay County Economic Development Alliance.

Hardin added that there were incentives connected to the agreement to bring the GKN facility to the area but that money was never paid out because GKN did not meet the performance requirements.

GKN has 18,000 employees in 50 locations and 15 countries. The company boasts that “All major aircraft and engine manufacturers rely on our advanced technologies.”

GKN officials released this statement on Tuesday to News 13:

“Over the past few months, we have been in discussion to agree the long-term manufacturing location of a major work package in the US.  Following these commercial discussions, we have agreed that this work package will remain at its current GKN Aerospace facility, rather than moving to our Florida site as we had planned.  We are unable to give further details, however without this work package, there is no realistic opportunity to sustain our Panama City site. We would like to thank our employees for their outstanding commitment and make clear that this unfortunate outcome is in no way a reflection on their efforts, which have been exemplary throughout. We will now begin a carefully managed wind-down of the facility over the coming months and we will work closely will our employees and all relevant stakeholders to ensure the process is done in the most appropriate way.”

This is a breaking story and we will have more information as it becomes available.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Local News Video

McDonald's Open House

Thumbnail for the video titled "McDonald's Open House"

Lindsey's Furniture hosts gingerbread decorating contest

Thumbnail for the video titled "Lindsey's Furniture hosts gingerbread decorating contest"

Dillard's and BFF Animal Rescue host adoption day

Thumbnail for the video titled "Dillard's and BFF Animal Rescue host adoption day"

BDS hosts 2020 Teacher and Support Employee of the Year recognition ceremony

Thumbnail for the video titled "BDS hosts 2020 Teacher and Support Employee of the Year recognition ceremony"

Adoption Day secures forever families for 37 kids

Thumbnail for the video titled "Adoption Day secures forever families for 37 kids"

FDOH and CDC begin national health survey in Bay County

Thumbnail for the video titled "FDOH and CDC begin national health survey in Bay County"
More Local News
Fill out my online form.