Brexit is already having a profound effect on UK based businesses.
Yesterday, BMW announced that they would be closing the Mini Cooper factory for a month, the day after the Brexit deadline. They cited the reasons they had taken this decision was ‘to minimise the impact of a no-dealBrexitthat it fears would cause a shortage of parts’.
Obviously, this is a contingency plan. However, the ramifications of closing such a large factory (and halting production of an iconic British car) are bleak, to say the least.
This follows on from Jaguar Land Rover’s announcement of a three-day working week for 2000 staff until Christmas. Businesses make contingency plans all of the time, but there is definitely a distressing trend emerging.
Organisations are pre-empting uncertainty, and cutting back well before the Brexit date is worrying.
A representative from Westray will be in touch with you shortly.