Vodafone might move its London HQ to Europe after Brexit

 
Emma Haslett
Follow Emma
Vodafone Australia To Cut Over 500 Jobs
Vodafone is one of the UK's largest employers (Source: Getty)

One of the UK's largest employers has suggested it may consider moving its global headquarters out of London after the Brexit vote.

Vodafone Group, the parent company of Vodafone, which has more than 100,000 employees around the world, said it was "not yet possible to draw any firm conclusions regarding the long-term location for the headquarters of the group.

"We will continue to evaluate the situation and will take whatever decisions are appropriate in the interests of our customers, shareholders and employees," a spokesperson said.

Read more: Britons started looking for jobs abroad as soon as the Brexit vote came out

"The UK's membership of the European Union has been an important factor in the growth of a company such as Vodafone. Freedom of movement of people, capital and goods are integral to the operation of any pan-European business as are single legal frameworks spanning all member states.

"Access to the emerging European digital single market should represent a significant opportunity for the UK, one of the world's leading digital economies."

Vodafone isn't the only one to hint at shifting its operations if the UK doesn't get a post-Brexit deal it sees as advantageous.

Virgin founder Richard Branson said yesterday the company had pulled out of a "very big" deal which would have involved 3,000 jobs.

In an interview with ITV, he repeated a call for a second EU membership referendum.

“We're heading towards disaster and therefore in business if you realise you made a bad decision you change it.

"We're not saying to overrule it, just let the same people who voted have another chance and that's democratic."

It has also been reported Visa could relocate hundreds of UK jobs to other European countries as part of its £17.5bn takeover by its US sister company.

The company, which employs more than 1,000 people in London, said yesterday it "continues to monitor the situation carefully".

Related articles