Sunday , August 1 2021

Brexit without transactions will endanger 100,000 jobs in Germany :: Investor.bg



Brexit without agreement will endanger 100,000 jobs in Germany

Photo: Reuters

Leaving the European Union without agreement would threaten 100,000 jobs in Germany, according to a survey by Halle IWH, one of the country's leading economic institutes, Bloomberg writes.

The most affected areas will be Volkswagen Wolfsburg and Dangoling-Landau, where Germany's largest plant is BMW, according to the Welt am Sonntag newspaper, which published the study.

"The impact on the employment of hard Brexit will be felt primarily by the automotive industry," said Olivier Holtheul, one of the researchers.

Germany's dependence on exports will no longer be affected by any other country in the European Union, an expert added.

Today it became clear that The Netherlands is trying to make the most of it from the release of the United Kingdom from the block. The authorities are actively negotiating with hundreds of companies to transfer their activities entirely or partially from the United Kingdom to the Netherlands due to Brexit and the huge uncertainty that it brings to the company.


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