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Nissan Delays Wage Talks Pending Clarity on Brexit
Nissan Motor Co. says it doesn’t want to open wage talks with workers in Britain until the British government clarifies the terms under which the U.K. will exit the European Union next spring.
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Nissan Motor Co. says it doesn’t want to open wage talks with workers in Britain until the British government clarifies the terms under which the U.K. will exit the European Union next spring.
Labor talks had been scheduled to begin this autumn. But Nissan says it needs better clarity on the future business outlook before proceeding. The company, Britain’s largest carmaker, employs roughly 8,000 people in the U.K.
Like other carmakers, Nissan has warned that a “hard” Brexit that triggers tariffs on vehicles and components to and from the EU would kill future investment in the U.K. and the eventual relocation of capacity to other countries. The industry’s warning has become sharply more strident as Brexit nears.
Nissan has estimated that a hard Brexit will cut profits in the U.K. by £500 million ($658 million). The company’s huge assembly complex in Sunderland, England, produces Juke and Qashqai crossover vehicles, most of which are exported to the EU.
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