German BMW and French Airbus said they will transfer production outside the UK if London does not soon agree on terms for withdrawal from the EU, the BBC reported. The head of the British branch of BMW, Ian Robertson, said that the company, which employs about 8 thousand people in Britain, is ready to wait until the end of summer, which will make Britain less competitive. Airbus Corporation, whose British enterprises employ 14,000 people, said that if the agreement on the transition period is not reached, it will also have to postpone production. Britain officially withdraws from the EU on March 29, 2019, and the British government insists that it will be able to achieve a profitable agreement.
Airbus to cut production by 40% in two years due to the coronavirus pandemic29.06.2020
Gold prices move closer to $1,800 as COVID-19 cases surpasses 10 million worldwide26.06.2020
BMW’s works council head supports electric-only technology platform26.06.2020
Stocks and oil gain despite rising coronavirus cases