Hall: Siemens to stop investment if Britain leaves EU

The managing director of Siemens UK, which employs 13,000 people across the country, has warned that his company would stop investing in factories in the UK if it was not part of the EU. He added that leaving the EU would be “disastrous” for British manufacturers. This follows a poll last month which found that eight out of ten manufacturers want to remain in the EU.

Leader of the Liberal Democrat MEPs Fiona Hall commented:

“The message from business is loud and clear, it’s in Europe in work.

“Thousands of jobs are created each year by foreign investors who see Britain as a launch-pad into the world’s largest single market. Leaving the EU would mean losing that status and putting crucial jobs and investment at risk.”

Notes to Editors

Juergen Maier, managing director of Siemens UK, warned that leaving Europe would be “disastrous” for British manufacturers at an event organised by the Sunday Times

http://www.thesundaytimes.co.uk/sto/business/Economy/article1344195.ece

Siemens employs 13,000 people across every region of England as well as in Scotland, Wales and Northern Ireland

http://www.siemens.co.uk/en/about_us/index/uk-locations-text.htm

A poll published on October 14th 2013 by manufacturers’ organisation EEF found that 85% of its members want Britain to remain part of the EU

http://www.eef.org.uk/blog/post/Manufacturing-Our-future-in-Europe.aspx

The UK is the largest recipient of inward investment in Europe. Some 400,000 people are employed by German firms operating in the UK. Germany, France, Italy, Spain and the Netherlands are among the top 12 sources of investment into the UK.

http://blogs.fco.gov.uk/davidlidington/2012/10/15/20-years-of-the-single-market/

Comments are closed.