The automotive industry is poised to create an estimated 49,635 new jobs over the next two years as manufacturers bring production back to Britain, according to a new study by Lloyds Bank.
The bank’s report, Fuelling Growth, which surveyed English and Welsh manufacturers from across the automotive supply chain, found that nearly three-quarters (70%) of respondents are looking to ‘on-shore’ some of their operations by the end of 2016. Almost half (45%) of manufacturers surveyed said they had already repatriated, on average, a fifth (20%) of their…
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