Hard Brexit Might Endanger 14,000 Jobs in German Car Industry: Report

A hard Brexit might endanger 14,000 of the 42,500 jobs in German car industry, a report published by the consulting firm Deloitte showed on Thursday.

German automobile industry could expect a loss of up to 3.8 billion euros (US$4.6 billion) in the Brexit year, because of the close interdependence of the suppliers with carmakers in Germany, Britain and other European Union countries, said the report named “hard Brexit and supply chain.”

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