Vodafone may relocate abroad
Vodafone may relocate abroad

Vodafone may relocate abroad

This comes after Britain voted to ‘Leave’ the EU

Not many people like Vodafone judging by the comments on a post I put out about them a few weeks ago where many customers had been overcharged. However, no one deserves to be made redundant, especially when it is because a company has decided to relocate.

Vodafone have warned it could relocate its head office outside the UK following the referendum.

Their warning depends on whether negotiations for a post-Brexit Britain do not offer “freedom of movement” for people, capital and goods.

Vodafone released a statement saying;”The UK’s membership of the European Union has been an important factor in the growth of a company such as Vodafone. Freedom of movement of people, capital and goods are integral to the operation of any pan-European business.”

Vodafone said their European business last year accounted for 55% of their profits, whilst the UK counted for just 11%.

Vodafone currently employ 108,000 staff and around 462 million customers.

Will this affect you?

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