Brexit begins to take its toll on engineering sector
A survey by Engineers Ireland showed that nearly a third of engineers in Ireland and the UK said their business has already been impacted by a Brexit slowdown.
The survey, which canvassed the views of 3,000 Engineers Ireland members operating across both islands, also found over one-quarter of respondents have now changed their plans for hiring or investment, while over 38% have had commercial deals paused or unfavourably altered as a result of Brexit. Some 40% said they were proactively changing their business strategy to adapt to the new economic reality of Brexit, although most respondents remained optimistic that the major impact of Britain’s exit will not be felt for several years.
