panasonic sony: This is the massive and long-standing industrial relationship between Japan and Britain, especially in automotive manufacturing. ; The news that Honda is closing its plant at Swindon, after 40 years, and that Nissan is to make its new X-Trail model back in Japan rather than at its super-efficient plant in Sunderland, England, has been greeted in anti-Brexit quarters as a clear sign that after all these years Japanese investment has lost faith in Brexit-minded Britain and is heading home, according to The Japan Times. The news that in other sectors both Panasonic and Sony are shifting their headquarters out of England and to somewhere on the European continent has given further fuel to this story. Some sensation-seeking British journalists have just found an undoubtedly good thing that they claim is at an end. Nor has it helped that Hitachi has just suspended involvement in one major British nuclear power project and Toshiba has withdrawn from another, although even the most frenzied opponent of leaving the European Union would find it hard to attribute this to Brexit. Incoming Japanese businesses in the 20th century faced Britain's obstructive trade union practices head on. One part of the whole picture which is unquestionably true is that Japan's investment in the United Kingdom has not only been a major commercial success but also a huge benefit for the transformation of the British economy over some 50 years.
(news.financializer.com). As
reported in the news.
Tagged under panasonic sony, european continent topics.