Brexit affecting headcount in manufacturing, reveals poll

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2nd May 2019 17:04 - Industrial

Brexit affecting headcount in manufacturing: A survey of UK engineering and manufacturing respondents has found that a third of those polled have suspended or decreased their headcount due to Brexit.

The poll, which came ahead of the 2019 Subcon Event held at the Birmingham NEC Arena in June,  found almost a third (32%) are temporarily halting or reducing investing in equipment and 28% are planning to do the same for their research and development programmes.

Three out of ten respondents (30%) said they have put the brakes on plans to expand into Europe or have made cuts to funding.

When it comes to confidence over effectively managing Brexit, more than half (55%) feel confident that their structure will leave them well-placed to manage the challenges they may incur relating to the UK’s EU departure, however just under half (48%) say they are not sufficiently funded for the changes ahead.

The research also found that a third of UK businesses polled are currently busy creating relationships with European operations to ensure trading will not have to cease following Brexit. Just over a quarter (27%) have submitted information for cross border certification, while 23% say they have established, or are in the process of creating subsidiaries or divisions of existing companies in Europe.

Fifteen percent of respondents revealed that have already built, or are currently constructing new premises in Europe.

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