Mexican Media Brands
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.
#labor #economics
Share
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.
RELATED CONTENT
-
Targets of U.S. Aluminum and Steel Tariffs Declare Counter-Measures
As expected, the European Union, Canada and Mexico have announced a broad array of counter-tariffs in response to U.S. import taxes of 10% on foreign aluminum and 25% on foreign steel that went into effect at midnight.
-
Japanese Models Top “Most-American” List
The five most “American” models sold in the U.S. in terms of local content and labor all carry Japanese brands, says Cars.com.
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.