BMW to Shutdown Mini Factory For One Month Following Brexit

BMW said Tuesday that it plans to shutdown its Mini factory in England for a month of maintenance starting April 1, over Brexit-related concerns.

The German multinational automaker is unsure about whether or not the UK would exit the European Union with a trade deal, and therefore wants to hold off production in its Oxford factory immediately after Brexit.  

News of BMW’s decision comes just a day after Jaguar Land Rover announced that it will reduce the number of work days from five to three a week until Christmas for its 1,000 workers due to uncertainty over Brexit.  

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.