GKN Aerospace plant to close with job losses

[Bomber_Harris]

below are some excerpts from the Daily Telegraph from way back in 2015 when all this Brexit fudgery was starting to take shape

https://www.telegraph.co.uk/finance...-UKs-56bn-aerospace-and-defence-industry.html

Nigel Stein, chief executive of FTSE 100-listed aerospace parts supplier GKN, said: “Industry in the UK is operating on a global stage and EU membership gives it the opportunity to participate in decision-making.”

“The number of UK nationals that are part of the EU institution is diminishing,” said Mr Everitt. “In other EU members the route to success in a civil service career is spending time working in Brussels: in the UK if you go to Brussels you might as well not bother coming back, it’s seen as career suicide.”

"The house would not fall down overnight," said Mr Everitt. "But it would become harder to win inward investment, competing with other nations would become more and more difficult. The combination of our flexible labour market and access to Europe makes us attractive to international investors. We have won 17pc of a market worth $5.6 trillion over the next 20 years and our members want to keep that."

------------------------------------------------------------------------------------------------------------------------


and this is from today's Daily Telegraph

Melrose to shut Birmingham aerospace plant with loss of almost 200 jobs

https://www.telegraph.co.uk/busines...hut-gkn-aerospace-plant-loss-almost-200-jobs/

of course it's nothing to do with Brexit, it's all down to the falling Global demand for £700 hot air hand-dryers

- Bomber

 

[renewablejohn]

below are some excerpts from the Daily Telegraph from way back in 2015 when all this Brexit fudgery was starting to take shape

https://www.telegraph.co.uk/finance...-UKs-56bn-aerospace-and-defence-industry.html

Nigel Stein, chief executive of FTSE 100-listed aerospace parts supplier GKN, said: “Industry in the UK is operating on a global stage and EU membership gives it the opportunity to participate in decision-making.”

“The number of UK nationals that are part of the EU institution is diminishing,” said Mr Everitt. “In other EU members the route to success in a civil service career is spending time working in Brussels: in the UK if you go to Brussels you might as well not bother coming back, it’s seen as career suicide.”

"The house would not fall down overnight," said Mr Everitt. "But it would become harder to win inward investment, competing with other nations would become more and more difficult. The combination of our flexible labour market and access to Europe makes us attractive to international investors. We have won 17pc of a market worth $5.6 trillion over the next 20 years and our members want to keep that."

------------------------------------------------------------------------------------------------------------------------


and this is from today's Daily Telegraph

Melrose to shut Birmingham aerospace plant with loss of almost 200 jobs

https://www.telegraph.co.uk/busines...hut-gkn-aerospace-plant-loss-almost-200-jobs/

of course it's nothing to do with Brexit, it's all down to the falling Global demand for £700 hot air hand-dryers

- Bomber

Your quite right it has absolutely nothing to do with Brexit and everything to do with letting an asset stripper purchase the Golden Goose of GKN. The government where warned at the time about the asset stripping nature of the buyer but they ignored it as they had been given "assurances" that they where a wonderful company who would not dream of doing such things.

 

[Werzle]

Bomber doesnt want to hear it. He just keeps burying pro brexit pro leave posts/threads by posting thread after thread , post after post of negative sh#te .

 

[br jones]

Boots the chemist next ,as american parent company in trouble,probaly brexit or ghengis kans fault

 

[Bomber_Harris]

Your quite right it has absolutely nothing to do with Brexit and everything to do with letting an asset stripper purchase the Golden Goose of GKN. The government where warned at the time about the asset stripping nature of the buyer but they ignored it as they had been given "assurances" that they where a wonderful company who would not dream of doing such things.

I'm sure there are plenty of farmers out there that are ripe for asset stripping my people like me, including cereal farmers who are operating on overdraft and according toe Sky News have sheds full of cereal that they can't shift because their oversea export market appears to have disappeared overnight

- Bomber

 

[renewablejohn]

I'm sure there are plenty of farmers out there that are ripe for asset stripping my people like me, including cereal farmers who are operating on overdraft and according toe Sky News have sheds full of cereal that they can't shift because their oversea export market appears to have disappeared overnight

- Bomber

Cereal farmers have nothing to fear. Most wood pellet boilers can be converted to burn grain and wood pellet prices are higher than grain prices.

 

[Cowabunga]

below are some excerpts from the Daily Telegraph from way back in 2015 when all this Brexit fudgery was starting to take shape

https://www.telegraph.co.uk/finance...-UKs-56bn-aerospace-and-defence-industry.html

Nigel Stein, chief executive of FTSE 100-listed aerospace parts supplier GKN, said: “Industry in the UK is operating on a global stage and EU membership gives it the opportunity to participate in decision-making.”

“The number of UK nationals that are part of the EU institution is diminishing,” said Mr Everitt. “In other EU members the route to success in a civil service career is spending time working in Brussels: in the UK if you go to Brussels you might as well not bother coming back, it’s seen as career suicide.”

"The house would not fall down overnight," said Mr Everitt. "But it would become harder to win inward investment, competing with other nations would become more and more difficult. The combination of our flexible labour market and access to Europe makes us attractive to international investors. We have won 17pc of a market worth $5.6 trillion over the next 20 years and our members want to keep that."

------------------------------------------------------------------------------------------------------------------------


and this is from today's Daily Telegraph

Melrose to shut Birmingham aerospace plant with loss of almost 200 jobs

https://www.telegraph.co.uk/busines...hut-gkn-aerospace-plant-loss-almost-200-jobs/

of course it's nothing to do with Brexit, it's all down to the falling Global demand for £700 hot air hand-dryers

- Bomber

These big companies are doing a great disservice to the UK by not being honest and stating out loud and plainly that they are shutting down in the UK because of brexit. They seem not to want to make true statements that could have some politicians accuse them of interfering in UK politics. Telling the truth four square is not interfering in politics. It is just telling it as it is rather than making weak excuses. If their main customers are based in the EU, what possible advantage do they have from producing components in the UK. Especially when they need to maximise their profit margins to remain competitive and to ensure that their share price increases to satisfy investors.

When will the brexit supporters wake up and smell the coffee. Every company that can possibly move to the Eurozone is either doing so or preparing to do so or is preparing to wind down its UK operations. Just when will these people wake up? When there is nothing at all left here? No doubt once again they will blame everyone and everything except themselves. The EU will continue to be an easy target for these blinkered racist, business illiterates.

As for Boots, it is another victim of the high street pressure mainly caused by the change to internet sales. It has some shops that are lossmaking and will need to be closed but they are in nothing like the trouble that Debenhams is in. Not everything is brexit related, although I'm sure that those with blinkers on will use anything they can to claim, credit or discredit one way or another. It's the nature of their inflexible ways of thinking.

 

[Hindsight]

These big companies are doing a great disservice to the UK by not being honest and stating out loud and plainly that they are shutting down in the UK because of brexit. They seem not to want to make true statements that could have some politicians accuse them of interfering in UK politics. Telling the truth four square is not interfering in politics. It is just telling it as it is rather than making weak excuses. If their main customers are based in the EU, what possible advantage do they have from producing components in the UK. Especially when they need to maximise their profit margins to remain competitive and to ensure that their share price increases to satisfy investors.

When will the brexit supporters wake up and smell the coffee. Every company that can possibly move to the Eurozone is either doing so or preparing to do so or is preparing to wind down its UK operations. Just when will these people wake up? When there is nothing at all left here? No doubt once again they will blame everyone and everything except themselves. The EU will continue to be an easy target for these blinkered racist, business illiterates.

As for Boots, it is another victim of the high street pressure mainly caused by the change to internet sales. It has some shops that are lossmaking and will need to be closed but they are in nothing like the trouble that Debenhams is in. Not everything is brexit related, although I'm sure that those with blinkers on will use anything they can to claim, credit or discredit one way or another. It's the nature of their inflexible ways of thinking.

I listened to Radio 4 Question Time yesterday evening on iplayer. Katherine Bennet, senior Vice President of Airbus was a panellist. As you say I considered her replies to questions about Brexit were polite. Airbus are two joint things - a European business and a world business. So most understandable as the business has to continue for time being to operate in UK, so little point upsetting the locals. I have listened to her before. She sounds a sensible ordered lady. She quietly made the point that frictionless operations were helpful (essential) to a business with multiple manufacturing and operation sites over several European countries. My we are getting into in a muddle.

Well as another Cricket season is upon us I will use an appropriate reference - one Lord King pro brexit guru would countenance and no doubt disagree. Having won the toss the Leave politicians decided to bat without inspecting the wicket. Hey ho.

 

[renewablejohn]

These big companies are doing a great disservice to the UK by not being honest and stating out loud and plainly that they are shutting down in the UK because of brexit. They seem not to want to make true statements that could have some politicians accuse them of interfering in UK politics. Telling the truth four square is not interfering in politics. It is just telling it as it is rather than making weak excuses. If their main customers are based in the EU, what possible advantage do they have from producing components in the UK. Especially when they need to maximise their profit margins to remain competitive and to ensure that their share price increases to satisfy investors.

When will the brexit supporters wake up and smell the coffee. Every company that can possibly move to the Eurozone is either doing so or preparing to do so or is preparing to wind down its UK operations. Just when will these people wake up? When there is nothing at all left here? No doubt once again they will blame everyone and everything except themselves. The EU will continue to be an easy target for these blinkered racist, business illiterates.

As for Boots, it is another victim of the high street pressure mainly caused by the change to internet sales. It has some shops that are lossmaking and will need to be closed but they are in nothing like the trouble that Debenhams is in. Not everything is brexit related, although I'm sure that those with blinkers on will use anything they can to claim, credit or discredit one way or another. It's the nature of their inflexible ways of thinking.

Yet more misinformation regarding Boots. Yes it is being hit by the decline in the high street but the underlining preassure is that Wallgreens who took over Boots are in dire straits in there home market and its having a knock on effect at Boots. I would expect Boots being sold as a Wallgreens reconstruction within the next 6 months or dumped like UK Toys R Us was by its american owners.

 

[Ball acre]

These big companies are doing a great disservice to the UK by not being honest and stating out loud and plainly that they are shutting down in the UK because of brexit. They seem not to want to make true statements that could have some politicians accuse them of interfering in UK politics. Telling the truth four square is not interfering in politics. It is just telling it as it is rather than making weak excuses. If their main customers are based in the EU, what possible advantage do they have from producing components in the UK. Especially when they need to maximise their profit margins to remain competitive and to ensure that their share price increases to satisfy investors.

When will the brexit supporters wake up and smell the coffee. Every company that can possibly move to the Eurozone is either doing so or preparing to do so or is preparing to wind down its UK operations. Just when will these people wake up? When there is nothing at all left here? No doubt once again they will blame everyone and everything except themselves. The EU will continue to be an easy target for these blinkered racist, business illiterates.

As for Boots, it is another victim of the high street pressure mainly caused by the change to internet sales. It has some shops that are lossmaking and will need to be closed but they are in nothing like the trouble that Debenhams is in. Not everything is brexit related, although I'm sure that those with blinkers on will use anything they can to claim, credit or discredit one way or another. It's the nature of their inflexible ways of thinking.

Er. So why have so many companies relocated to Europe over the last twenty odd years whilst being in the EU? Quite often with a relocation subsidy thrown in.
To whom are you referring as blinkered, racist, business illiterates?

 

[turbo]

Er. So why have so many companies relocated to Europe over the last twenty odd years whilst being in the EU? Quite often with a relocation subsidy thrown in.
To whom are you referring as blinkered, racist, business illiterates?

That didn’t happen in the remoaners world,we just airbrush out of history all the bad things that have happened to the uk while being in the eu

 

[renewablejohn]

Er. So why have so many companies relocated to Europe over the last twenty odd years whilst being in the EU? Quite often with a relocation subsidy thrown in.
To whom are you referring as blinkered, racist, business illiterates?

Whats worse is that relocation subsidy was paid for by the UK yet any attempt to support the company whilst in the UK would be stopped due to EU competition rules.

 

[yin ewe]

Cereal farmers have nothing to fear. Most wood pellet boilers can be converted to burn grain and wood pellet prices are higher than grain prices.

Sad reflection of our whole industry, when a byproduct is more expensive than something that can be grown to keep people and livestock alive. Same idea as bottled water being more expensive than milk, there really is something wrong with the world.

 

[Highland Mule]

Sad reflection of our whole industry, when a byproduct is more expensive than something that can be grown to keep people and livestock alive. Same idea as bottled water being more expensive than milk, there really is something wrong with the world.

Bottled water isn’t more expensive than milk.

 

[renewablejohn]

Bottled water isn’t more expensive than milk.

Posh bottled water is. ie bottled from a "volcanic" stream

 

[Highland Mule]

Posh bottled water is. ie bottled from a "volcanic" stream

As is posh milk.

Find me expensive water and I’ll sell you a more expensive milk. Only sensible comparison is for the bog standard stuff

 

[yin ewe]

Plenty in the tap.