It's not just Rolls Royce... Here's what we can conclude (short #thread):
theguardian.com/business/2018/…
theguardian.com/business/2018/…
1. Although no manufacturing jobs are being moved, the EU's aviation body will take the place of the CAA. Clearly this is a work transfer.
2. UK aviation companies are showing they lack confidence in the UK government to provide safeguards.
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2. UK aviation companies are showing they lack confidence in the UK government to provide safeguards.
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3. There is turbulence ahead as aerospace manufacturers weigh where to invest. They operate closely integrated supply chains, so expect them to move as one body.
4. Much depends what Rolls, Bombardier and Airbus do. They will take tens of thousands of jobs with them if they go.
4. Much depends what Rolls, Bombardier and Airbus do. They will take tens of thousands of jobs with them if they go.
