First was the bad news that British Steel was to close after the Government refused to put in any more money. Maybe a rescue plan will happen in the future? Brexit was not blamed, but many of the companies customers are based in Europe and they had already started to locate new suppliers after the UK leaves the EU.
Now it is Ford’s turn to announce the closure of the Bridgend engine plant with the lost of 1,500 jobs, and many more in the supply change. Ford fear it could add tariffs and customs checks to their vehicles, engines and components, increasing costs.
Part of the problem is the falling demand for the engines from Ford in Germany and Turkey as people think electric.