SIGN UP

Honda, Flybmi, What Next?

Avatar Image
spathiphyllum | 13:13 Tue 19th Feb 2019 | Current Affairs
29 Answers
What will be the worst company to see go after (or even before) brexit?

It's OK thought brexit will be really good for all of us because we're so powerful on our own.

Answers

1 to 20 of 29rss feed

1 2 Next Last

Best Answer

No best answer has yet been selected by spathiphyllum. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
According to Honda Btrexit was not one of the reasons why they are closing the factory.It is being done on purely economic reasons.
Question Author
Bikeman: "what are we like 44 days away from brexit and they haven't got a clue, they can't even decide for themselves what brexit means. This is idiocy of epic proportions"

Reporter: "And how long have you worked at this factory"

Bikeman: "24 years."
You seem to think BMI's downfall is due to Brexit. I'm not sure Brexit is a key factor for Honda either- they could have waited a few weeks to see what Brexit looks like but they have made a decision now to move in a few years whatever comes of Brexit
Question Author
https://www.bbc.co.uk/news/business-47278322


you sure about that? I think otherwise.
Spath, you think wrongly,Try doing some research before posting.
Question Author
brexit is the straw that broke the camels back.
BMI has struggled for years since the days of British Midland. Other airlines in Europe have struggled. The problems were there before Brexit was even thought of. I don't see Brexit as a major factor and neither did BMI
Think it's all going downhill, apart from Swindon workers, there will be lots of subcontractors losing jobs. Last stats I saw were that for every car company employee, there was another 5 people employed outside of the factory, even down to local sandwich suppliers.
Question Author
Danny good one. Just being rude for the sake of it.

FlyBMI

"In two short sentences, Flybmi's announcement that it had collapsed summed up the airline industry's woes: fuel costs, green taxes, Brexit uncertainty, falling passenger numbers. It might have added fierce competition, but that is probably a statement of the obvious."

Brexit uncertainty
Question Author
"neither did BMI"

Yeah which is why, in their official statement, they mentioned brexit uncertainty...
Cadbury moved factory to Poland 2011 with EU grant.

Ford Transit moved to Turkey 2013 with EU grant. Jaguar Land Rover has recently agreed to build a new plant in Slovakia with EU grant, owned by Tata, the same company who have trashed our steel works and emptied the workers pension funds.

Peugeot closed its Ryton (was Rootes Group) plant and moved production to Slovakia with EU grant.

British Army's new Ajax fighting vehicles to be built in SPAIN using SWEDISH steel at the request of the EU to support jobs in Spain with EU grant, rather than Wales.

Dyson gone to Malaysia, with an EU loan.

Crown Closures, Bournemouth (Was METAL BOX), gone to Poland with EU grant, once employed 1,200.

M&S manufacturing gone to far east with EU loan.

Hornby models gone. In fact all toys and models now gone from UK along with the patents all with with EU grants.

Gillette gone to eastern Europe with EU grant.

Texas Instruments Greenock gone to Germany with EU grant.

Indesit at Bodelwyddan Wales gone with EU grant.

Sekisui Alveo said production at its Merthyr Tydfil Industrial Park foam plant will relocate production to Roermond in the Netherlands, with EU funding.

Hoover Merthyr factory moved out of UK to Czech Republic and the Far East by Italian company Candy with EU backing.

ICI integration into Holland’s AkzoNobel with EU bank loan and within days of the merger, several factories in the UK, were closed, eliminating 3,500 jobs.

Boots sold to Italians Stefano Pessina who have based their HQ in Switzerland to avoid tax to the tune of £80 million a year, using an EU loan for the purchase.

JDS Uniphase run by two Dutch men, bought up companies in the UK with £20 million in EU 'regeneration' grants, created a pollution nightmare and just closed it all down leaving 1,200 out of work and an environmental clean-up paid for by the UK tax-payer. They also raided the pension fund and drained it dry.

Do you need more? The EUSSR does a deal with Japan in record time with no discernable difficulties regarding immigration or refugee quotas, and 3 weeks later Honda announce the "withdrawal from it's British manufacturing plant. Part of the "deal"?
Brexit definitely a factor for Honda, probably not for the airline.
While of course Brexit is not the only factor the uncertainty surrounding it most certainly influences the thinking. And that’s the uncertainty post March 29 as well as pre.
You can add Ford and Nissan to that list as well. Not gout for the car manufacturing industry here. And the fact that it doesn’t appear to help our being outside the EU in the future potentially and therefore not part of the tariff free zone which is being blamed: that ought to be a wake up call.
spath- they didn't say Brexit was a major factor- they reeled off a list which included a reference to Brexit and missed off the main one- fierce competition. They are bound to list as many possible reasons as they can think of to try to deflect any blame from themselves- eg inefficiency, poor management
Question Author
"Brexit definitely a factor for Honda, probably not for the airline. "

Well FlyBMI officially said brexit uncertainty is a main factor.
Sony, Dyson, Panasonic, Lloyds, Unilever, Goldman Sachs, Barclays, Airbus, Flybmi, P&O, HSBC, JP Morgan, UBS, Ford, Hitachi, Toshiba, AXA, Honda, Moneygram, Philips
European Banking Authority, European Medicines Agency, Bank of America.

'Nothing to do with Brexit.'
Question Author
FF you're implying brexit is having no affect on UK companies.
ICh see my post at 12.14. I saw and listened to the Honda rep say this on the news last night.The main reason givenwas the uncertainty over diesel cars.
No I'm not. You are saying it's a major factor here even though these companies have not said it's a major factor
Togo...will you stop talking sense..and dont let facts destroy a snowflake rant!

1 to 20 of 29rss feed

1 2 Next Last

Do you know the answer?

Honda, Flybmi, What Next?

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.