The Welsh Liberal Democrats have cited the recent announcement of the closure of the Schaeffler plant in Llanelli as proof that Brexit uncertainty is already hurting the Welsh Economy.

The Schaeffler company employs more than 1,000 people across UK, with 220 of those being based in their Llanelli facility. The Company's European CEO has stated that the "need to plan for various complex scenarios" has brought about the reorganisation which is endangering the Llanelli.

The Welsh Liberal Democrats have long warned of the danger Brexit will pose to the Welsh economy and are consistently campaigning to give the people the final say on the Brexit deal.

The Welsh Liberal Democrats have cited the recent announcement of the closure of the Schaeffler plant in Llanelli as proof that Brexit uncertainty is already hurting the Welsh Economy.

The Schaeffler company employs more than 1,000 people across UK, with 220 of those being based in their Llanelli facility. The Company's European CEO has stated that the "need to plan for various complex scenarios" has brought about the reorganisation which is endangering the Llanelli.

The Welsh Liberal Democrats have long warned of the danger Brexit will pose to the Welsh economy and are consistently campaigning to give the people the final say on the Brexit deal.

Responding to news Liberal Democrat Leader Sir Vince Cable said:

“This is deeply distressing news for the families and communities of both Llanelli and Plymouth who will be hit by these closures.

“There have long been warnings that this would be the effect of Brexit, but here we have a concrete example of a firm voting with its feet in light of the economic certainty which has been caused.

“For those whose jobs are at risk, there is certainly no “Brexit dividend”. The UK and Welsh authorities must work together now to mitigate the damage and help those affected.”

Jane Dodds, Leader of the Welsh Liberal Democrats said:

“The closure of this factory is going to see over 200 people out of work. This is a direct consequence of the Theresa May's blind commitment to Brexit at any cost.

“How many more peoples livelihoods are going to have to be destroyed before politicians at Westminster finally take a stand?

“If the politicans at Westminster are not going to then we need to let the people do it by giving them the final say on Brexit.”

Chris Passmore, Chair of Carmarthenshire for Europe said:

“This closure is merely the tip of the iceberg. The business community has been waiting desperately. like the rest of us. for clarity on what Brexit will look like and unfortunately the Government still doesn't know.

“This uncertainty means businesses are having to make tough choices about their future in Wales and the closure of the Schaeffler Plant is a prime example of that. Sadly we're all having to pay the price for this Government's bad handling of Brexit.”