UPDATE 1-GKN cuts further 1,400 jobs, seeks more in 2009

Newswire

* Says total 2,800 staff laid off since Oct 2008 * Planning plant shutdowns, short-time working * Sees FY profit meeting higher end of revised guidance (Adds details) LONDON, Jan 28 (Reuters) - British aerospace and automotive engineer GKN Plc announced the loss of a further 1,400 jobs on Wednesday and said year pretax profit would come in at the higher end of reduced expectations. The company, which employs around 42,000 people, issued two profit warnings within three weeks ...

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