A company whose production facilities are mostly located on the island, warned the authorities in that country that 40,000 workers will be faced with a risk of job losses if Britain does not provide a free trade agreement with the EU after Brexit.
Although for years owned by Indian Tata Motors, Jaguar Land Rover (JLR) is the largest car maker in the country because most of the factories are located in the UK. Given that this country, which in 2016 referendum decided to leave the European Union, has not yet regulated EU trade relations after Brexit, JLR has warned that in the event of a negative outcome and the introduction of customs duties on British goods, it will be faced with additional cost as much as 1.2 billion pounds (1.35 billion euros) a year.
JLR expects the British government to provide certain guarantees that negotiations with the EU will end with an agreement that will allow British goods in the Union to continue to be sold without a customs duty. That would, as they say in the company, bring peace to the homes of 40,000 of their employees in the factory in the island, as well as the additional 260,000 that work in the cooperative companies. Otherwise, in the event of a negative outcome of EU negotiations, JLR would have been forced to close its UK facilities and cut production into other countries.