Wednesday, 12 December, 2018

Len McCluskey: Get a decent deal for jobs after Brexit

Len McCluskey: Get a decent deal for jobs after Brexit Len McCluskey: Get a decent deal for jobs after Brexit
Jean Garcia | 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 Jaguar Land Rover in the country, there are an additional 260,000 jobs associated with its supply chain.

The rise in the USA unemployment rate isn’t bad news
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.

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.

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