The Brexit Thread (LOCKED)
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 steeleye20  Croydon 17 Dec 18 10.29am |
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Originally posted by Badger11
I had a feeling this story was going to surface. It was reported on the radio this morning and yes Brexit maybe a factor but its not the main one by any stretch. Apparently 90% of JLR sales are diesel far more than most other car manufacturers. They have been slow to replace these with more eco friendly engines so this is bad management. Their biggest markets are China and the USA and the consumers there are turning away from their cars. We are going to see a lot more of these stories with Brexit being blamed and yes in some cases that maybe true. However we are seeing a big downsize in the high street sector which has nothing to do with Brexit. In the next few years many jobs are going to be lost due to increasing automation. In short its going to be difficult to identify if these massive changes are unrelated to Brexit, somewhat or not at all. Even if we do not Brexit I predict massive job losses in the near term. The real question is how quickly can we react to these changes and identify new job opportunities to replace them. Running for cover already B? There is no future, no confidence due to brexit, it is entirely risk, a stab in the dark. Nobody has a clue what will happen and any serious concern has to plan years ahead. There is no recovery position as people are claiming, once the jobs and businesses have relocated abroad there is no reason to return here. You should face reality.
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| Badger11 Beckenham 17 Dec 18 11.00am |
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Originally posted by steeleye20
Running for cover already B? There is no future, no confidence due to brexit, it is entirely risk, a stab in the dark. Nobody has a clue what will happen and any serious concern has to plan years ahead. There is no recovery position as people are claiming, once the jobs and businesses have relocated abroad there is no reason to return here. You should face reality. Not running for cover at all. Simply pointing out that with or without Brexit there will be major economic changes ahead and Brexit will be a convenient whipping boy for businesses that don't adjust to the new environment e.g. Jamie Oliver has blamed Brexit for the failure of many of his restaurants. JLR can blame Brexit but if no one wants to buy your vehicles then possible problems in the future with your supply chain are the least of your problems.
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| Midlands Eagle 17 Dec 18 11.09am |
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Originally posted by Pussay Patrol
I hear bad news Jaguar Land rover, 5,000 jobs to go next year with Brexit one of the main factors as it will affect supply chains and cost the company 1.2bn "free from the shackles" You really should be barred from this thread if you're just going to post fake news. Jaguar's problems have very little to do with Brexit and far more to do with it's over reliance on diesel engines which are very much out of fashion at the moment. You claim that "Brexit is one of the main factors as it will affect supply chains and cost the company 1.2bn" yet the article that you are supposedly paraphrasing is about the potential costs to JLR if we leave the EU without a deal
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Pussay Patrol  17 Dec 18 11.12am |
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Originally posted by Badger11
Not running for cover at all. Simply pointing out that with or without Brexit there will be major economic changes ahead and Brexit will be a convenient whipping boy for businesses that don't adjust to the new environment e.g. Jamie Oliver has blamed Brexit for the failure of many of his restaurants. JLR can blame Brexit but if no one wants to buy your vehicles then possible problems in the future with your supply chain are the least of your problems.
The CEO said specifically Brexit will cause them supply chain issues and cost them up to £1.2bn Or perhaps you know more about JLR than the CEO of JLR? Just like our useless politicians who think they know more about business than the people that run them
Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah |
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| Pussay Patrol 17 Dec 18 11.16am |
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Originally posted by Midlands Eagle
You really should be barred from this thread if you're just going to post fake news. Jaguar's problems have very little to do with Brexit and far more to do with it's over reliance on diesel engines which are very much out of fashion at the moment. You claim that "Brexit is one of the main factors as it will affect supply chains and cost the company 1.2bn" yet the article that you are supposedly paraphrasing is about the potential costs to JLR if we leave the EU without a deal Can you explain how Leaving the EU and Brexit are 2 different things?
Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah |
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| Badger11 Beckenham 17 Dec 18 11.41am |
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Originally posted by Pussay Patrol
The CEO said specifically Brexit will cause them supply chain issues and cost them up to £1.2bn Or perhaps you know more about JLR than the CEO of JLR? Just like our useless politicians who think they know more about business than the people that run them Well he would say that rather than he and the board failed to invest in alternate engine technology. JLR are struggling now the potential issues with suppliers is just that it hasn't happened yet.
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| Hrolf The Ganger 17 Dec 18 11.48am |
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Originally posted by Pussay Patrol
Can you explain how Leaving the EU and Brexit are 2 different things? More nonsense. A fall off in demand in China and the new diesel regulations were the two primary causes. You can be certain that everyone will be blaming Brexit for their woes. An easy way to excuse anything.
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| steeleye20 Croydon 17 Dec 18 11.55am |
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Originally posted by Hrolf The Ganger
More nonsense. A fall off in demand in China and the new diesel regulations were the two primary causes. You can be certain that everyone will be blaming Brexit for their woes. An easy way to excuse anything. The cause is Brexit.
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| Stirlingsays 17 Dec 18 11.57am |
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Originally posted by steeleye20
The cause is Brexit. Maybe the BBC should offer you a job Steely.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| Pussay Patrol 17 Dec 18 12.01pm |
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Originally posted by Hrolf The Ganger
More nonsense. A fall off in demand in China and the new diesel regulations were the two primary causes. You can be certain that everyone will be blaming Brexit for their woes. An easy way to excuse anything. Oh, another one who knows more about JLR than the CEO
Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah |
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| Midlands Eagle 17 Dec 18 12.02pm |
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Originally posted by Pussay Patrol
Can you explain how Leaving the EU and Brexit are 2 different things? The article specifically referred to a bad Brexit and for your information as a spreader of fake news this article appeared in Autocar over the weekend The job losses will be part of a £2.5 billion turnaround plan the British firm is set to outline in January. JLR has been hit by falling demand for saloon cars and diesel engines, and posted a loss of £90 million in the third quarter of 2018. The company said that sharply falling sales in China were the key reason for the loss. While Jaguar Land Rover boss Ralf Speth announced the 18-month cost-cutting plan when those financial results were announced in October, no specifics were given on what they involved. But sources have told the FT that it will include job losses that “run into the thousands”, with a financial analyst that covers JLR telling the paper that up to 5000 job losses are planned. In a statement, the firm said: "Jaguar Land Rover notes media speculation about the potential impact of its ongoing Charge and Accelerate transformation programmes. As announced when we published our second quarter results, these programmes aim to deliver £2.5 billion of cost, cash and profit improvements over the next two years. Jaguar Land Rover does not comment on rumours concerning any part of these plans." As you can see there is no mention of Brexit all in connection with the forthcoming job losses
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| steeleye20 Croydon 17 Dec 18 12.10pm |
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Originally posted by Midlands Eagle
The article specifically referred to a bad Brexit and for your information as a spreader of fake news this article appeared in Autocar over the weekend The job losses will be part of a £2.5 billion turnaround plan the British firm is set to outline in January. JLR has been hit by falling demand for saloon cars and diesel engines, and posted a loss of £90 million in the third quarter of 2018. The company said that sharply falling sales in China were the key reason for the loss. While Jaguar Land Rover boss Ralf Speth announced the 18-month cost-cutting plan when those financial results were announced in October, no specifics were given on what they involved. But sources have told the FT that it will include job losses that “run into the thousands”, with a financial analyst that covers JLR telling the paper that up to 5000 job losses are planned. In a statement, the firm said: "Jaguar Land Rover notes media speculation about the potential impact of its ongoing Charge and Accelerate transformation programmes. As announced when we published our second quarter results, these programmes aim to deliver £2.5 billion of cost, cash and profit improvements over the next two years. Jaguar Land Rover does not comment on rumours concerning any part of these plans." As you can see there is no mention of Brexit all in connection with the forthcoming job losses We prefer reality to 'Autocar'. Who is next, if it is Nissan how ironic that would be, in Sunderland of al places.
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