Airbus threatens to leave the United Kingdom because of uncertainty over Brexit

Lloyd Doyle
June 23, 2018

Airbus confirmed Friday the UK's exit from the European Union without a substantial withdrawal deal would force the aircraft manufacturer to reconsider its long-term position in the country and put thousands of British jobs at risk.

Airbus also says the now proposed transition deal that runs through December 2020 is too short for the company to reorganize its supply chain. If this news isn't a wake up call to the Government, then I'm afraid nothing will be.

Britain must seize its chance to escape Brussels' rules that stop it striking new trade deals around the world, New Zealand's former High Commissioner to the United Kingdom said yesterday. "A pragmatic, sensible Brexit that protects trade & jobs is vital".

Tom Williams, the chief operating officer of Airbus Commercial Aircraft, said Brexit would have "severe negative consequences for the United Kingdom aerospace industry and Airbus in particular" in any scenario.

The move follows the citizens' rights agreement with the European Union, which guaranteed the rights of European Union citizens living in the United Kingdom and UK nationals living in other European Union member states.

"We are an worldwide business and the European Union 27 need to understand the importance of integration and the way we work".

He said that record numbers of jobs have been created since the result - joking that this included 'no fewer than eight for the former Chancellor [George Osborne] and chief architect of Project Fear, who has become a glorious living rebuttal of his own preposterous warnings'. Therefore, immediate mitigation measures would need to be accelerated.

We have sought to highlight our concerns over the past 12 months, without success.

"This scenario would force Airbus to reconsider its investments in the United Kingdom, and its long-term footprint in the country", it added.

In a document setting out risks linked to Brexit, the company said it would need a 1-billion-euro extra stockpile of parts to cope with extra disruption. "If we do not act now, we will hear of many other UK-based businesses who will be thinking it would be much easier for them to operate from a different country, meaning jobs, livelihoods and futures in the United Kingdom would be lost". It isn't too late for the UK Govt to finally show some leadership and provide the clarity business needs.

Of the people who supported a second referendum, 35% voted Leave and 66% voted Remain.

"Theresa May needs to ask herself whether she is willing to lay waste to vibrant manufacturing communities on the altar of Conservative party interests and Tory infighting".

"If there is a no deal Brexit, it will be catastrophic for this country, and catastrophic for Airbus and our supply chain", she told Reuters in an interview.

He said the situation was now critical and companies were making plans based on the worst case scenario.

Other reports by Iphone Fresh

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