Industries at risk – aerospace

Industries at risk – aerospace
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Airbus said today unless there is clarity in next weeks over customs procedures after March 2019, it could push crisis button to stop production in the UK and transfer to North America, China or elsewhere in the EU. The company directly employs 14,000 at us 25 sites in the UK and supports over 100,000 jobs among suppliers. BBC June 22, 2018

Chief operating officer at Airbus told Treasury Select Committee on January 24, 2017 that company may cut investment in the UK if exit from the EU brings additional costs.There could be costly duplication of regulations and potentially damaging constraints on movement of employees.

Brexit will affect 672 Airbus sites across its operations. Employees make 80,000 trips between EU27 and UK each year. Parts of the wings built in UK move to and from the EU multiple times before final assembly. Hard borders and regulatory divergence risk bringing the business to a halt. FT April 11, 2018.



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