Sony relocates its legal European headquarters in the wake of uncertainty regarding Britain’s future with the European Union.
UPDATE: The original version of this story erroneously mentioned that Sony was relocating its headquarters. Sony Europe has provided GamingBolt with the following statement to clarify the same:
“Sony Europe has established a new legal entity ‘Sony Europe B.V.’ in Amsterdam (NL) and will merge ‘Sony Europe Ltd,’ (UK) into that new entity. In this way we can continue our business as usual without disruption once the UK leaves the EU. All our existing European business functions, facilities, departments, sites, and location of our people will remain unchanged from today.”
The original post has been edited to reflect the correct facts. We apologize for the error.
The UK has gone ahead and made a royal mess of things, with the whole Brexit debacle, and how badly and indecisively it has tried to handle things in the wake of the initial referendum. With a no-deal Brexit (meaning UK exits from the European Union with no concessions gained or safeguards in place) seemingly likely, it seems like companies are relocating to ensure their own economic and financial safety and stability.
One of those companies is Sony, which has announced that it is establishing a new legal entity, Sony Europe BV in Amsterdam, Netherlands, and will be merging Sony Europe in the UK into that new entity. Now, the good news here is that no one is losing jobs—Sony is only moving the legal entity to Netherlands, and will be merging the Sony Europe entity with it, while previous business functions, facilities, departments, sites, and locations of employees will remain unchanged.
A spokesman for Sony said to NU.nl, “It only concerns a change of the legal entity of Sony Ltd. to Sony Europe BV.”
For Sony, and people living in mainland Europe, this shouldn’t mean much of anything.