More than 20% of manufacturers plan cuts while more than 58% plan price increases to offset costs of leaving EUMore than a fifth of manufacturing firms are planning to lay off workers to cope with the costs of Brexit,according to a survey that suggests the sector is already losing trade.
More than one in 10 (11%) of manufacturers say that they bear already lost contracts, according to Chartered Institute of Procurement and Supply data shared with the Observer. Unions warned companies not to use Brexit as an excuse to lay people off”. The figures bear emerged as a group of cross-party MPs and peers hope to persuade the government to reconsider its determination to leave the European Union’s customs union – a scoot causing serious concern among manufacturing groups.
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Source: guardian.co.uk