Warnings of a "difficult exit" Britain from the European Union

Warnings of a "difficult exit" Britain from the European Union


BAGHDAD (Reuters) -

He invited the CEO of "Rolls-Royce" to "as little as possible changes", after Britain's exit from the European Union, in order to minimize the repercussions of this out on the business sector.

Rehn said East in a press statement: "The more we move away from the status quo situation will become more difficult."

The manufacturer of the engines and want to retain their ability to move products and workers freely between Britain and the countries of the Union.

It may lead Britain to leave the Customs Union and the single European market to the end of the free movement of goods and labor.

The British finance minister, Philip Hammond, last Sunday his intention to withdraw from the customs union and the single market.

He said East, during the Paris Air Show, said that other companies will be affected by "hard exit" to Britain from the Union.

"The aerospace sector is very interconnected, and there are other parts of it work across the border between Britain and the European Union. All other companies will have the same problems like us. "

The warning comes at a time when East business leaders stepped up the British from their appeals to the government, to work on a smooth exit from the European Union, as well as demanding and obtaining a formal role in the management of the checkout process.

Negotiations began between Britain and the European Union formally on Monday out.

Said Josh Hardy, deputy director general of the Confederation of British Industry, it is "quite clear" that the economy must first be a new priority for the government.

In the meantime, he warned a joint report, issued by the British National Institute of Economic and Social Research and the Chartered Institute of Personnel and Development, that the termination of the free movement of labor from the EU would hurt the business sector, the British government sector, "only if you take immigration policies in the post-out in mind the need for skilled and unskilled labor from the EU alike. "

East said that the departure of the European Union means that Britain would not become a member of the European Aviation Safety Agency, which regulate the aerospace sector, and based aviation-related products.

And such a scenario would be a major problem for companies such as Rolls-Royce, which operates commercial aircraft engines.

East but said it was possible for Britain to become a member of a participant acting, as is the case Alnrweg and Switzerland.

Huge losses

He suffered "Rolls-Royce" of crises over the past few years, and reached its peak in January \ last January, when the company paid nearly $ 700 million settlement with the British and American authorities in cases involving allegations of bribery.

And it resulted in the settlement, together with the depreciation of the pound sterling exchange rate since the vote in favor of the exit from the European Union, to the huge losses of the company amounted to $ 4.6 billion during the year 2016.

East took over as chief executive of the company about two years ago.

East predicted "slight improvement" in the company's financial performance this year.

He also pointed out East to stop large cuts in jobs, such as cutting out 800 jobs in the department of marine products, in December \ December last year due to declining customer demand.

The doubling of the number of mega-engines produced by the company, which requires a greater number of employees. East says: "On the one hand the number of employees we have a broad base, where we have a smaller number of leadership positions, the largest number of people who collect the engines and make parts."

And it works in Rolls-Royce about 23 thousand employees in Britain, and the total 55 thousand people worldwide.

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