Carlos Tavares, chief executive of Vauxhall owner PSA Peugeot Citroen, described the uncertainty as “a big concern” for the French carmaker. PSA has already announced it will axe about 650 jobs at its Ellesmere Port factory, where the Vauxhall Astra is made. Len McCluskey, general secretary of Britain’s largest union, Unite, said Brexit uncertainty “should not be used by Mr Tavares to raise the fear of closure of Ellesmere Port”. The Brexit outcome “makes the decision this year very, very critical and I don’t know whether we can make it”, Speth said. You hardly see inward investment any more.”Another major manufacturer, Ford, called for the UK to remain in a customs union after Brexit.

Source: The Guardian March 06, 2018 17:53 UTC