Both business units at the Hadley Castle Works site voted to pursue strike action following a consultative ballot of its members over proposed cuts to redundancy payments.
The site employs 250 people in the production of wheels for agricultural, construction and mining sectors.
Stuart Harrison, GMB regional organiser, said: “GMB is very disappointed with GKN’s unrealistic attitude towards these discussions. Attacking redundancy payments shows a lack of confidence in their own business.
“Our membership is determined to fight against having their redundancy payments slashed.
“We hope GKN sees sense and acts to avoid costly disruption.”
Last year, engineering firm GKN announced it had agreed to sell its Telford-based GKN Wheels & Structures arm to German investment company Aurelius for an undisclosed sum.
Aurelius said it will support GKN Wheels & Structures in executing its carve-out from GKN, ensuring continuity in the company’s day-to-day operations, to establish the business under a new brand name and as a standalone entity.