The European aerospace and defense giant Airbus has stated that they would reconsider UK investment if Britain left the EU.
Britain must compete for international investment, stated Paul Kahn, the president of the 16,000-employee Airbus UK.
David Cameron has promised a referendum regarding the UK’s EU membership by late 2017 and the debate has been rising up the politic and business agenda. However, the UK should not fear an exit from the EU, stated the chairman of the construction equipment firm JCB on Monday.
According to Mr Kahn, companies like Airbus should be at the forefront of the debate considering that the referendum is perhaps less than 18 months away.
Airbus is the world’s second-largest plane maker and employs 6,000 people at its site in Broughton in North Wales. They assemble the wings for all Airbus aircraft. The world’s largest plane maker is Boeing.
At Filton, near Bristol, several thousand more people are employed to design wings and test landing gear. The president of the company also said that if Britain did leave the EU, the business would not suddenly close.
Airbus is also one of Europe’s biggest industrial enterprises spanning civil aviation, defense and space. Operations are also in Germany, France and Spain. The company could face more red tape in areas such as work visas and trade barriers if Britain did leave the EU, Kahn said.