BrexitAs we approach 29th March 2019, when the UK is scheduled to leave the EU, uncertainty continues surrounding the nature of the departure.  We are acutely aware of the concerns felt by our customers, suppliers and employees.

We have been working to mitigate the impact on GTK’s stakeholders of the UK’s departure since the decision to leave the EU back in June 2016.  As the date approaches our attention has intensified, driven at board level where 'Brexit' is a standing item, and focussed around GTK’s Brexit preparedness document which is under continuous review.

We have many customers that are based in countries that will remain in the EU (the EU27) and we have provisioned for a 'hard Brexit'.  In 2016 GTK established a manufacturing facility in Romania, an EU27 country, and this facility forms a key part of our Brexit planning.  In the event of a hard Brexit, GTK’s EU27-based customers whose product is manufactured outside the EU will be supplied from this hub meaning these customers will continue to be serviced by GTK from within a duty-free environment.  Work to expand this facility will be complete in January 2019.

Finally a word about our many EU27 nationals who work in the UK.  We are proud of the diversity we enjoy at GTK and the richness this provides: approximately 15% of our UK team are EU27 nationals working in Basingstoke.  We continue to engage with them and provide the latest information available from the UK government. We display the existing provisions, including those of the EU settlement scheme, in the company canteen and make available our human resources staff for consultation.

We will revise this statement from time-to-time as events unfold.  In the meantime, we wish to reassure our partners of our commitment to a transition which is as seamless as possible.