One in seven businesses from European Union countries with a presence in Britain have moved parts of their business out of the country because of concerns about disruption after Brexit, according to a survey published on Tuesday. Fourteen percent of EU firms with assets in Britain, such as offices, warehouses or factories, have scaling back their business, the survey by the Chartered Institute of Procurement and Supply (CIPS) showed. Furthermore, 11 percent of EU companies had moved some of their workforce out of the United Kingdom since the Brexit vote in 2016, the survey of supply chain managers showed.
For suggestions and feedback click here.
Disclaimer: IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here. Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India | Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281 E-Mail : imc@imcnet.org | Website : www.imcnet.org