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Rebecca Wayman

Sony set to move out of UK headquarters to avoid Brexit trouble

Sony’s new European headquarters will be based in the Netherlands, moving from the UK to avoid Brexit disruptions.

According to AFP, the move is set to help Sony avoid customs issues tied to this country’s exit from the EU in March.

However, the tech giant won’t move its personnel and operations from the exisiting UK site. This follows the news that Japan’s Panasonic has already moved to new Amsterdam headquarters due to Brexit.

On a recent trip to the UK, Japan’s Prime Minister Shinzo Abe expressed his concerns over a potential ‘no-deal’ Brexit, saying it could ‘hurt’ Japan’s businesses, which employ nearly 150,000 people in the UK.

Many Japanese carmakers have also expressed concern over the impact of a hard Brexit.

For instance, Honda has planned a six-day halt this April to plan for potential “outcomes caused by logistics and border issues” that Brexit could create.

The UK is set to leave the EU on 31 October 2019. Are you preparing for Brexit? Complete the North East Growth Hub and Tees Valley Business Compass’ 3-minute survey →

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