Europe’s Great Symbol of Industrial Cooperation – Airbus – is Staying in Britain

Just days before the referendum StrongerIn played their trump card. Airbus and Siemens publicly warned of the risk that they would leave Britain, if Britain left the EU. It was one of the most credible arguments of Project Fear from CEOs of respected giant industrial firms. Siemens, the bluechip German engineering giant, could go home. Airbus in particular, the champion and political symbol of multi-national cooperation, would probably come under pressure to re-trench. Britain’s multi-billion aerospace industry and engineering base would be at risk.

What actually happened? Siemens’ CEO Joe Kaeser soon announced after the vote he was “confident and optimistic” about the “big opportunities” in Brexit Britain:

“There is no reason not to invest tomorrow, if there is a demand and a commitment from the customer. I am willing – and the company is willing to invest – further. There are more opportunities than risks for us.”

Yesterday brought the icing on the cake, Bloomberg revealed that the Airbus Chief Executive Officer Tom Enders has written to the Business Secretary Greg Clark promising the U.K. government that Airbus plans to retain its British operations “long into the future’’ – this from the most europhile of CEOs. Project Fear’s strongest cards turned out to be bluffs.

The same people who bluffed before now say if Brexit happens it will be a disaster for the economy. Ignore what they say and instead follow the money. Investment banks like Bank of America and Goldman Sachs are spending billions on new headquarters in London, europhile Bloomberg too. The Brexodus of big business is not happening, instead they are investing billions for the long term. Brexit is going to be great…

mdi-timer 23rd February 2018 @ 4:32 pm 23rd Feb 2018 @ 4:32 pm mdi-comment Comments
Siemens to Cut European jobs, Expand in UK

Siemens, the most blue-chip of German manufacturers, is cutting some 3,000 jobs in Germany, over 1,000 across Europe and nearly 2,000 in the US. At the same time, despite the company campaigning vociferously against Brexit and threatening to with withdraw future investment, it is now investing €39 million to expand its largest UK plant in Lincoln which employs 1,500 people… 

mdi-timer 21st November 2017 @ 1:43 pm 21st Nov 2017 @ 1:43 pm mdi-comment Comments
Siemens U-Turns, Now Talking Up Brexit Opportunities

Siemens is Europe’s biggest manufacturing firm and employs 15,000 people in the UK. During the referendum the company was a paid-up member of Project Fear, sending out doom-mongering statements threatening to pull investment from Britain in the event of a Leave vote:

“Brexit would disrupt the economy in the short-term and we believe that uncertainty about the UK’s future relationship with the EU could have more significant and negative long-term effects… [this] could make the UK a less attractive place to do business and may become a factor when Siemens is considering future investment here.”

Yesterday, Siemens chief executive Joe Kaeser met Theresa May at Downing Street where he said he was “confident and optimistic” about the “big opportunities” in Brexit Britain:

“There is no reason not to invest tomorrow, if there is a demand and a commitment from the customer. I am willing – and the company is willing to invest – further. There are more opportunities than risks for us.”

Who’dathunkit?

mdi-timer 31st March 2017 @ 12:31 pm 31st Mar 2017 @ 12:31 pm mdi-comment Comments
Shocker! Siemens Stays After All

siemsns

Siemens was splashed all over the papers this morning with an announcement from CEO Joe Kaeser that ze German mega-corp was “here to stay.” During the referendum campaign, Siemens was one of the most high-profile companies to back Remain. They even threatened to leave Britain, claiming:

“This uncertainty, and threat of increased costs, could make the UK a less attractive place to do business and may become a factor when Siemens is considering future investment here.”

Did anyone swallow Siemens’ spin?

Today their CEO says with his tail between his legs: “We never said the UK is in bad shape if it leaves the EU”. Another Project Fear porky doesn’t come true…

mdi-timer 12th July 2016 @ 11:32 am 12th Jul 2016 @ 11:32 am mdi-comment Comments
Siemens Slam Miliband for Labour FT Advert… Kellogg’s Also Frosty

A spokesman for Siemens UK is not a happy bunny about Labour’s full page advert in the FT this morning, which quoted their CEO Juergen Maier:

“…we were not told it would be used in an advert.

We were not given any warning.

We are apolitical, we don’t endorse political parties, we wouldn’t have agreed to be in an advert for the Labour Party.

The feeling is that they have overstepped the line.”

Guido hears Kellogg’s are pretty frosty about it all too…

 

mdi-timer 30th March 2015 @ 12:11 pm 30th Mar 2015 @ 12:11 pm mdi-comment Comments