28.5 C
New York
Saturday, August 6, 2022

Wrong Brexit deal will cost thousands of jobs: Jaguar Land Rover CEO

Wrong Brexit deal will cost thousands of jobs: Jaguar Land Rover CEO© Reuters. FILE PHOTO – Jaguar Land Rover (JLR) Chief Executive Officer Ralf Speth speaks during a news conference to announce Tata Motors’ quarterly results in Mumbai

BIRMINGHAM, England (Reuters) – The wrong Brexit deal could cost tens of thousands of jobs, the boss of Britain’s biggest carmaker Jaguar Land Rover warned on Tuesday, saying he had no idea whether his plants would be able to operate after Britain leaves the EU on March 29 next year.

Ralf Speth told a conference in Birmingham, central England, that JLR had lost a thousand jobs as a result of diesel policy “and those numbers will be counted in the tens of thousands if we do not get the right Brexit deal”.

“Brexit is due to happen on the 29th March next year. Currently I do not even know if any of our manufacturing facilities in the UK will be able to function on the 30th,” Speth said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles