Jaguar Boss Warns Hard Brexit May Cost JLR Thousands of Jobs
- CEO Ralf Speth says JLR may not be able to function after exit
- Job losses will grow to tens of thousands if wrong Brexit deal
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Jaguar Land Rover’s chief executive warned Prime Minister Theresa May that a bad Brexit deal could put tens of thousands of jobs at risk and cost the company more than 1.2 billion pounds a year ($1.6 billion).
The unusually frank warning by Ralf Speth was made to an audience that included May at a conference in Birmingham, England on Tuesday. He flagged the uncertainty faced by automakers as the clock ticks down to Brexit, scheduled for March 29.