Len McCluskey: Get a decent deal for jobs after Brexit
Len McCluskey: Get a decent deal for jobs after Brexit
Jaguar Land Rover says Brexit uncertainty risks 40,000 jobs
08 July, 2018, 18:25
The warning came ahead of a cabinet summit on Brexit at Chequers, the Prime Minister's country retreat, at which Theresa May will attempt to rally support for her plans for a final Brexit deal ahead of a meeting with European Union leaders.
Asked about JLR's worries, British business minister Greg Clark said the government was seeking a solution which worked for business.
He also said JLR was still keen to invest in the UK.
'This would be in jeopardy should we be faced with the wrong outcome.
Shares in Tata Motors, JLR's Indian parent, plunged to their lowest in more than five years as investors turned jittery on the company. Dr. Ralf Speth joined Jaguar Land Rover as Chief Executive Officer on 18 February 2010. "We are determined to make sure that it can continue to prosper and to invest in Britain".
The British Chambers of Commerce, which represents thousands of firms, had already warned this week that business patience is at "breaking point" over the government's lack of progress in stalled Brexit talks.
Alongside the 40,000 people directly employed by JaguarLand Rover in the country, there are an additional 260,000 jobs associated with its supply chain.
In 2017 the company sold 621,000 cars, with 80 percent of them heading overseas.
It also comes less than a month after Jaguar Land Rover, based in the West Midlands, central England, promised to retool its Solihull plant near Birmingham for a new generation of electric cars.
Tata Motors-owned Jaguar Land Rover has issued a stark warning on Brexit, saying it will reconsider 80 billion pounds ($106 billion) of investment in the United Kingdom if the government fails to negotiate a deal that protects free trade with the European Union.
Rebecca Long Bailey, the opposition Labour party's spokeswoman for business, said: "This stark warning from one of the jewels in the crown of British automotive manufacturing should be a klaxon call to Theresa May and her cabinet".
Speth added: "Electrification and connectivity offer significant economic and productivity opportunities - get Brexit wrong and British people, businesses and broader society lose the chance to lead in smart mobility".
- The company plans to invest £4.5 billion in the current financial year.
But it said many jobs could be at risk if the government does not secure a strong Brexit deal that promotes trade.
With the job market expanding and new workers flooding in, some employers may not feel pressure to hike wages for their employees. Major trade partners, including China, Canada, Mexico and the European Union, have retaliated with their own tariffs.
Coming as standard with a five-speed manual transmission, the K15C is 15 percent lighter than the M13AA from yesteryear. Suzuki has just confirmed the 2019 Suzuki Jimny will go on sale in Australia during the first quarter of next year.
Hales was included in the side in place of injured all-rounder Ben Stokes, but on current form, it will be tough to leave him out. In fact, India's last series' loss with more one T20I game also came against the same opposition, at Florida in August 2016.
Unlike the Sacramento and Utah leagues, there's a true playoff system in Las Vegas and a champion will be crowned on July 17. Each team will play at least five games, while those advancing could compete in as many as eight contests.
The witness told reporters that the Wednesday evening incident happened after the teens made racist comments about minorities. The video has sparked outrage online, with individuals on the right calling for the man to be identified and arrested .
Unfortunately, his National Basketball Association career did not take off because he could not stay healthy, according to Yahoo . Kobie Rozier told TMZ Sports that Clifford "went into cardiac arrest two days ago and was put on life support".
He votes with the GOP more often than most of his colleagues and has made a point of not crossing the president. If the pressure is enough, Manchin could likely bend to the White House's will on a Supreme Court nominee .
But Narongsak said it would probably take even longer - until December or January - for the water level to get that low. The death on Friday of a former Thai navy SEAL, Saman Gunan, underscored the risks of making the underwater journey.
The UK Parliament would "take back control" by having the power to align UK goods rules with Brussels - or to diverge from them. The UK is firm that it will end free movement, as well as the jurisdiction of the EU's top court in British affairs.
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In the hope a truce can be agreed between her feuding ministers, the strategy will be set out in a white paper the following week. Prime Minister May will try to clarify business concerns during Cabinet crunch talks on Brexit at her Chequers retreat on Friday.
Thai navy SEALs: 'We will bring Wild Boars home'
But that is about all we get throughout the day, leaving our appetites healthy for more information about the rescue operation. Ekkapol's message is the first from the coach, whose role in the team's predicament has split Thai social media.
Capital's jobless rate stuck in a good place in June
Exports declined mostly because of weaker trade on motor vehicles and parts as well as metal ores and non-metallic minerals. The Bank of Canada is expected to raise its target for the overnight rate to 1.5% on Wednesday.
China says it must 'counterattack' for US tariff hike
Ford encouraged the United States and China to resolve their dispute, and said it would "monitor the situation as it evolves". Other firms that export US -made cars to China include BMW (BMWG.DE), Daimler's Mercedes and Tesla ( TSLA .O).
Michael Cohen adds former Bill Clinton lawyer to legal team
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Gove says Brexit plan is a realistic compromise
As well as potentially hard talks ahead with Brussels, Mrs May also faces the task of winning over Eurosceptic backbenchers. These and other provisions would meet the public expectations for what Brexit would entail, she said.