Money: No-deal Brexit could lead to cut in staff shifts at BMW's Mini plant in Oxford - PressFrom - United Kingdom
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MoneyNo-deal Brexit could lead to cut in staff shifts at BMW's Mini plant in Oxford

10:20  10 september  2019
10:20  10 september  2019 Source:   uk.finance.yahoo.com

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Workers at the Mini plant in Oxford could see their shifts cut in the event of a no - deal Brexit , BMW ' s finance chief has told the BBC. Nicolas Peter said production was likely to fall at the Cowley factory, affecting jobs. But he said BMW , which also makes Minis in the Netherlands, had no plans to

BMW chief Peter Schwarzenbauer warned that no - deal Brexit could affect Mini production in the UK because of the adding export costs it could create Cars have been made at Cowley in Oxford for around a century and the site currently has around 4,500 staff . Mr Leroy told the Financial Times that

No-deal Brexit could lead to cut in staff shifts at BMW's Mini plant in Oxford Robotic arms work on the bodyshells of Mini cars as they pass along a section of automated production line at the BMW Mini car production plant in Oxford, west of London, on January 17, 2017. Photo: GEOFF CADDICK/AFP/Getty Images

A no-deal Brexit could lead to worker shifts at a BMW Mini plant in Oxford, UK being cut, says the auto titan’s finance chief.

Nicolas Peter said on the sidelines of the Frankfurt motor show that the “first step” to cope with what a no-deal Brexit would mean for the UK, shifts for workers could likely be slashed to battle against increased costs.

"No-deal would mean that, most likely, [World Trade Organisation] tariffs would be imposed from 1 November onwards," said Peter to the BBC in a TV interview.

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Honda warns no - deal Brexit would cost it tens of millions. “Planned annual maintenance periods at BMW Group production sites allow essential updating and equipment “As a responsible organisation, we have scheduled next year’ s annual maintenance period at Mini Plant Oxford to start on 1 April

BMW could shift some UK engine, Mini output in no - deal Brexit . Asked by Sky News if BMW could move Mini production out of its Oxford plant in southern BMW said in September it was moving the annual maintenance shutdown for its Oxford Mini plant to April in case of Brexit disruption.

"This would mean that we would most likely have to raise the prices of the products produced in the UK and shipped to other markets [in the EU]. The increase of price means an impact on the volume you sell, and would eventually lead to a reduction of produced cars in Oxford."

At the end of August this year, the Society of Motor Manufacturers and Traders revealed that UK car production continued to nosedive.

In July, manufacturing output fell by 10.6% in July, marking the 14th straight month of decline. The slump is now worse than the one suffered at the height of the financial crisis and marks the longest period of decline in UK car manufacturing since 2001.

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Production of the iconic Mini in the UK could end in the event of a no deal Brexit , German owner BMW warned. A top boss said Mini ’s plant in Oxford - and BMW ’ s engine factory here - were in “danger” if the UK crashing out of the EU led to widespread disruption. More than 4,500 workers are

Asked by Sky News if BMW could move Mini production out of its Oxford plant in southern England in the event of a chaotic Brexit , Schwarzenbauer said: "We at least have to consider it." Britain' s car industry, which employs around 850,000 people and is largely owned by foreign manufacturers

A no-deal Brexit poses the greatest threat to many industries as leaving the European Union without an agreement means all rules and regulations on everything from taxes to immigration, cease to exist, leading to a gulf of set import and export tariffs.

Mike Hawes, the chief executive of SMMT, previously warned that a no-deal Brexit poses an “existential threat” to the UK car industry, which relies on a steady stream of parts arriving from the continent.

“A no-deal Brexit presents an existential threat to our industry,” he said.

“We are highly integrated with Europe, and a no-deal Brexit would result in huge tariff costs and disruption that would threaten production, as well as further undermining international investors’ confidence in the UK.

“We need a deal with the EU that secures frictionless and tariff free trade. No-deal Brexit is simply not an option.”

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