Germany's Siemens makes long-term commitment to UK after Brexit vote

William Turvill
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Siemens Holds Annual General Shareholders' Meeting
Siemens management is meeting in the Cotswolds to formulate a post-Brexit strategy (Source: Getty)

German engineering and technology company Siemens has made a commitment to the UK after Brexit.

The statement comes at a time when several UK-based companies – including easyJet and Vodafone – are understood to be considering moving operations to the rest of Europe.

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But Siemens chief executive Joe Kaeser has vowed to continue investing in the UK after the EU referendum result.

He told the Telegraph: “We’re here for the long-term and we don’t let ourselves get jerked up and down. We’re staying because the UK is a good place to do business.”

Siemens has 350,000 employees, including 14,000 in the UK, working across wind power, turbo-machinery, MRI scanners and healthcare diagnostics.

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The management of the company is reportedly meeting in the Cotswolds to formulate a post-Brexit strategy.

Kaeser said: “This is to show that the UK matters with or without it being a member of the EU.”

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