The heat treatment and thermal processing company said the restructuring will be more focused on its aerospace, defence and energy business.
The company's employee headcount was down to 4,813 as of Oct. 31 from 5,764 at the beginning of the year.
Group revenue fell 18% to 500.3 million pounds ($668.95 million) for the 10 months to Oct. 31, largely due to weakness in the civil aerospace business, Bodycote said.
Shares of the midcap index constituent were down 5.7% at 723 pence as of 0820 GMT.
(Reporting by Shanima A in Bengaluru)