First Panasonic then Sony. Big companies are Brexiting. Next Stop Amsterdam. Informacion Capital.
Sony is relocating its European headquarters to the Netherlands. The Japanese company says the move will help it to avoid customs issues and disruptions linked to Brexit, though stresses that none of its 900 UK employees will be affected. Panasonic made a similar decision last August. The Dutch government says that more than 250 companies have been in contact regarding a move to the Netherlands because of Brexit. Informacion Capital.
It will do that by merging England-based Sony Europe into a new entity in Amsterdam; the England unit will continue to manage product imports and sales and no personnel will be relocated.
More than 250 companies are in touch with the Dutch government about moving to the Netherlands because of Brexit, officials have said.
The trade and investment arm of the country’s government has been soliciting moves from companies worried about access to the EU market, with Britain set to leave the single market and customs union.
Michiel Bakhuizen, a spokesman for the Netherlands Foreign Investment Agency (NFIA), told the AFP news agency that the number of firms in talks was growing.
A final figure would be announced next month cataloguing the relocations, he said, stating that “every new arrival of a business, big or small, is a success”.
“The number of businesses we are in contact with for a possible arrival is growing. At the start of 2017 it was 80, at the start of 2018 150, and now it’s more than 250,” he said.