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A request from the GKN boss to meet and resolve matters prior to the licensing hearing have, so far, been rejected by organiser of the Isle of Wight Festival, John Giddings.
GKN operates in 17 countries across Europe, employing around 28,000 people in more than 60 manufacturing facilities.
A British business originally established in 1759, the UK remains home to their global headquarters.
The Aerospace division has a site in East Cowes on the Isle of Wight.