Manufacturing Jobs in Preston at risk warns Mark(May 21, 2019)
The prospect of a chaotic Brexit is putting skilled manufacturing jobs and millions of pounds of investment in Preston local economy at risk, Sir Mark has warned.
The message came as new analysis by GMB, the union for manufacturing workers, shows that the sector employs 3,500 people in Preston. Manufacturing wages and other people are worth £171m each year to the local economy.
The industry also supports a further 6,300 jobs in the wider economy, including in the supply chain.
Across the North West, manufacturing employs 325,000 people generating payments worth £15.9bn to the economy each year, and a further 585,000 jobs are supported in the wider economy.
One in five manufacturing employers plan on cutting jobs after Brexit, according to a 2018 survey, and the Bank of England recently warned that in the past months ‘investment intentions fell sharply in manufacturing, mostly due to Brexit uncertainty.’
Commenting, Sir Mark said: “These figures show what is at stake in the European elections. Manufacturing is a crucial part of the local economy – it is too valuable to risk throwing away through a chaotic Brexit. We should be investing in manufacturing, not running it down.”