transporter
Well-Known Member
Banks and investment houses are already moving operations out of London.
Now Airbus is preparing to move production (and directly impact 114,000 jobs) out of the UK. Why? Simple...Brexit.
https://www.theguardian.com/politic...lans-uk-cuts-amid-fears-of-hard-brexit-impact
As you all like to say...you get what you vote for.
BTW...the EU, India and China have instituted their retaliatory tariffs. Utterly predictable. Average American will pay, in many ways, for the incompetence of our President.
Now Airbus is preparing to move production (and directly impact 114,000 jobs) out of the UK. Why? Simple...Brexit.
Airbus has confirmed it is considering cutting thousands of jobs in the UK as it starts to “press the button on crisis actions” over concerns about Brexit.
The company said it could ditch plans to build aircraft wings in British factories over concerns that EU regulations will no longer apply from March 2019 and uncertainty over customs procedures, instead opting to transfer production to North America, China or elsewhere in the EU.
Airbus, which directly employs 14,000 people at 25 sites in Britain and supports more than 100,000 jobs in the wider supply chain, also said a no-deal scenario would lead to “catastrophic” consequences , which could cost the company billions of pounds in delays. The firm also said it was considering stockpiling billions of pounds of parts to prepare for Brexit disruption.
On BBC Radio 4’s Today programme, Tom Williams, the chief operating officer of Airbus Commercial Aircraft, was asked if the company was planning to abandon its plans to build new wings in the UK. He replied: “We are seriously considering whether we should continue that development or we should find alternate solutions.”
https://www.theguardian.com/politic...lans-uk-cuts-amid-fears-of-hard-brexit-impact
As you all like to say...you get what you vote for.
BTW...the EU, India and China have instituted their retaliatory tariffs. Utterly predictable. Average American will pay, in many ways, for the incompetence of our President.