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Airbus warns of "catastrophic" Brexit – POLITICO



Airbus employs 14,000 people across the UK Adrian Dennis / AFP via Getty Images

The company spends "tens of millions of euros" on preparations for the UK's departure from the EU.

Anca Gurzu

Updated

The chief executive officer of Airbus today warned that Brexit would be without a deal "catastrophic" for the industry, adding that the company has already spent Tens of millions of euros are preparing for such a scenario.

"There is no such thing as a managed" no deal ", it's absolutely catastrophic for us," said Airbus senior vice president Katherine Bennett's show Andrew Marr. 19659008] "It will be necessary to take some difficult decisions if there is no deal … We will have to look at future investments," she added.

Airbus numbers 14,000 people in the UK. situation, Bennett said that "there are many other countries that are dear to love aerospace."

She said that the company had already spent "tens of millions of euros" on preparations for Brexit, including a "no deal" scenario, accumulating parts, providing IT systems and defining future employee arrangements.

The company lags behind orders for 9,000 aircraft [5659013] Related topics on these topics:

Bennett said it means that it will be "many, many years" before British workers are hurt.
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