Discussion
RYH64E said:
How long do you think it takes to relocate a large operation? They can't afford to wait until negotiations are finished before beginning the process, they have to start now. Once Article 50 is triggered we've got two years, that's not very long at all.
Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
I'm guessing that, while they will undoubtedly seek to review their options, before they incur massive costs in actually moving people (including redundancies, relocations and recruitment) they will wait and find out what the terms of the deal are!Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
Greg66 said:
walm said:
Guvernator said:
If I say leave is this the part where you give me the speech about not thinking through the consequences properly?
I suspect that would be his plan, yes.Do you think the speech would be unfair or inappropriate though?
) so unlike a lot of people, I didn't just put a vote in through some mystical belief that one or the other was intrinsically right (or left)I do believe this country has some serious issues that it needs to tackle whether it stays in or our of the EU and also that democracy has spoken so we need to make the best of the hand we have been dealt now. I do find this post referendum vilifying of those who don't hold the same opinion as you rather odd tbh. I asked what I thought was a pretty straightforward question given how we don't know how it will all pan out and yet had people chomping at the bit to tell me exactly where I'd gone wrong. Very strange state of affairs.
Guvernator said:
Ok for what it's worth I didn't vote. Some might feel that's a cop out but it was a conscience decision as I felt I didn't have enough unbiased, free of BS information to make a proper informed decision. I'm not a "lentil eating leftie" or a "right wing racist" (as far as I am aware ) so unlike a lot of people, I didn't just put a vote in through some mystical belief that one or the other was intrinsically right (or left)
I do believe this country has some serious issues that it needs to tackle whether it stays in or our of the EU and also that democracy has spoken so we need to make the best of the hand we have been dealt now. I do find this post referendum vilifying of those who don't hold the same opinion as you rather odd tbh. I asked what I thought was a pretty straightforward question given how we don't know how it will all pan out and yet had people chomping at the bit to tell me exactly where I'd gone wrong. Very strange state of affairs.
Fair enough. ) so unlike a lot of people, I didn't just put a vote in through some mystical belief that one or the other was intrinsically right (or left)I do believe this country has some serious issues that it needs to tackle whether it stays in or our of the EU and also that democracy has spoken so we need to make the best of the hand we have been dealt now. I do find this post referendum vilifying of those who don't hold the same opinion as you rather odd tbh. I asked what I thought was a pretty straightforward question given how we don't know how it will all pan out and yet had people chomping at the bit to tell me exactly where I'd gone wrong. Very strange state of affairs.
sidicks said:
RYH64E said:
How long do you think it takes to relocate a large operation? They can't afford to wait until negotiations are finished before beginning the process, they have to start now. Once Article 50 is triggered we've got two years, that's not very long at all.
Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
I'm guessing that, while they will undoubtedly seek to review their options, before they incur massive costs in actually moving people (including redundancies, relocations and recruitment) they will wait and find out what the terms of the deal are!Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
If, for instance, your business depends upon passporting and without it you have no market access and hence no business, how long would you wait to see what happens (especially when you have representatives from France, Germany etc knocking on your door offering generous relocation packages)?
sidicks said:
RYH64E said:
How long do you think it takes to relocate a large operation? They can't afford to wait until negotiations are finished before beginning the process, they have to start now. Once Article 50 is triggered we've got two years, that's not very long at all.
Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
I'm guessing that, while they will undoubtedly seek to review their options, before they incur massive costs in actually moving people (including redundancies, relocations and recruitment) they will wait and find out what the terms of the deal are!Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
I would have thought every single large corporation in britain that has the potential of moving to EU will be actively looking into it now. Whether or not they will is another matter, but for companies not to consider it would be crazy.
There will be a range of ways companies can mitigate the impacts of brexit, but pretty much any project I have been involved in in the financial sector has taken a minimum of 18 months to implement. Moving an entire operation would take years. If you could initiate an interim step, acquiring property, setting up data warehouses, changing your outsourcing to an EU company rather than GB would all make sense.
Greg66 said:
Fair enough.
All good 
Don't get me wrong I'm enjoying the debate and it is bloody refreshing to see people so passionate about something\anything for a change as far too often we have a very sheep like mentality in this country but the obvious bias led debate from some people is wearing a bit thin, leave that to the politicians I say.
As someone mentioned relocating isn't a get of of jail free card, it will cost a lot of money so I'm really surprised firms are already announcing this kind of stuff as it's VERY early days. I appreciate it takes a long time to move but surely bringing uncertainty like this into the workforce is not healthy either. As walm said I suspect some of it is a bit of sabre rattling but I've been in situations during my work-life where I have been in the same boat and it's a horrible feeling not knowing what the hell will happen to you, not really fair to the workforce to make announcements of such magnitude if it's not a certainty.
Guvernator said:
Err can I ask a stupid question, exactly why are all these firms wanting to leave? Exactly what is it about the Brexit result that has suddenly made having their headquarters here untenable?
It will vary from business to business, but it will be a mixture of the UK no longer being as attractive (our relatively stable economy with a stable government with a stable currency have all gone out the window), whilst wanting guaranteed access to the EU free market, labour force, subsidies and incentives.Stickyfinger said:
youngsyr said:
(our relatively stable economy with a stable government with a stable currency have all gone out the window)
really ?....that was quickStickyfinger said:
Banks ?
More freedom to work the larger world markets, incoming banking taxes/controls in the smaller EU market
?? why move
(not an international banker)
Because they'e doing very nicely in the market that they're currently operating in? It won't be an either or, they will make damn sure that they do whatever is necessary to keep their passporting rights, after all, that's why most of the international banks are here in the first place - we are (were) a convenient access point for the wider EU market. If there's more international business available then they'll do whatever is necessary to get some of that as well, they probably already have operations in such locations.More freedom to work the larger world markets, incoming banking taxes/controls in the smaller EU market
?? why move
(not an international banker)
RYH64E said:
ReallyReallyGood said:
Isn't it a bit early for relocating given we may (I expect will) keep in the single market? By all means have contingency plans, but relocating now?
Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
How long do you think it takes to relocate a large operation? They can't afford to wait until negotiations are finished before beginning the process, they have to start now. Once Article 50 is triggered we've got two years, that's not very long at all.Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
mike9009 said:
If we had freedom of movement as part of the new deal, at least the employees could relocate to Paris or Frankfurt and keep their jobs, livelihood and income. So there is a positive side which 'could' come out of it.
And where would all of the corporation tax, business rates, national insurance, income tax, employers national insurance, VAT etc be paid?poo at Paul's said:
Welshbeef said:
Easyjet commencing talks with EU to move its HQ out of UK to X EU country.
Great, I'm not a fan of their operation so it will be no hardship me boycotting them from now on. Hope others join me.That's Vodafone and EasyJet I will be avoiding. Who next?
Should I not buy a Porsche because it has production plants abroad??
If Vodafone is going to still offer a good service perople will choose it, if EasyJet will still offer cheap flights people will choose it. Nobody care about where the HQ are other than the pepole working in them.
poo at Paul's said:
Welshbeef said:
Easyjet commencing talks with EU to move its HQ out of UK to X EU country.
Great, I'm not a fan of their operation so it will be no hardship me boycotting them from now on. Hope others join me.That's Vodafone and EasyJet I will be avoiding. Who next?
Avoiding Easyjet is....easy. Insisting on only going by Boeing will be more difficult.
RYH64E said:
mike9009 said:
If we had freedom of movement as part of the new deal, at least the employees could relocate to Paris or Frankfurt and keep their jobs, livelihood and income. So there is a positive side which 'could' come out of it.
And where would all of the corporation tax, business rates, national insurance, income tax, employers national insurance, VAT etc be paid?. I am firmly on your side and understand (some of) the financial ramifications......1. Our £350M saving per week is rapidly disappearing.
2. No-one can tell me the red tape we will cut by leaving?
3. The biggest financial benefit offered for leaving is to our fishing industry.
4. Sterling is down, so buying anything foreign (or raw materials for industry) will increase our costs.
5. I am also looking forward to savings rates being slashed then suddenly increased as inflation goes north, job losses, political turmoil, general elections, racial tensions, rioting and then after ten years of chaos some stability.
I am normally optimistic about life (and still am in reality!) but this does worry me.
Mike
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