The boss of Jaguar Land Rover has today warned that thousands of jobs are at risk if the government doesn’t get “the right Brexit” as his company could then be forced to consider moving jobs and production to another part of Europe.
“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,” he added.
Dr Ralph Speth further told media: “Just one part missing could mean stopping production at a cost of £60m a day. That is a huge risk. We depend on free, frictionless, seamless logistics.”
Jaguar Land Rover boss Ralph Speth, at the same event as the PM tells Sky News that no Deal Brexit could hit its profits by £1.2bn… said he is “very very concerned” by the prospect of cross channel blockages on supply chains “stopping the production lines”
— Faisal Islam (@faisalislam) September 11, 2018
speaking at the Zero Emission Vehicle Summit in Birmingham today, Dr Speth also said that a quarter of a million people in the UK rely directly, or indirectly on the success of Jaguar Land Rover.