Sony to move Europe headquarters to avoid Brexit disruption
Sony is moving its European headquarters from the U.K. to the Netherlands as it seeks to avoid disruptions to shipping and customs procedures following the British exit from the European Union, Nikkei has learned:
The Japanese technology giant will merge England-based Sony Europe, which manages its European electronics business, into a new subsidiary in Amsterdam. The new entity will begin operations in April, after Brexit at the end of March, while the U.K. arm will continue to manage product imports and sales, with no personnel to be relocated.
BBC reports:
In a statement Sony said the move would mean “we can continue our business as usual without disruption once the UK leaves the EU. All our existing European business functions, facilities, departments, sites and location of our people will remain unchanged from today.”
