More than a fifth of manufacturing firms are planning to lay off workers to cope with the costs of Brexit, according to a survey that suggests the sector is already losing business.
More than one in 10 (11%) of manufacturers say that they have already lost contracts, according to Chartered Institute of Procurement and Supply data shared with the Observer. Unions warned companies not to use Brexit as “an excuse to lay people off”. The figures have emerged as a group of cross-party MPs and peers hope to persuade the government to reconsider its determination to leave the European Union’s customs union – a move causing serious concern among manufacturing groups.
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