Telecom Company, Sony moves its European headquarters to the Netherlands to avoid disruptions caused by Brexit

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Telecom company Sony will move its European headquarters from the UK to the Netherlands to avoid disruptions caused by Brexit.

The company said the move would help it avoid customs issues tied to Britain’s exit from the EU.

Despite the move, Sony won’t shift personnel and operations from the existing UK operations.

It is the latest Japanese company to flag a move to the continent in response to Brexit.

The UK is on course to leave the European Union in March, but the two sides have yet to strike a deal.

On a recent trip to the UK, Japan’s Prime Minister Shinzo Abe expressed concern over a no-deal Brexit.

He said it could hurt Japanese companies, which employ up to 150,000 people in the UK.

BBC/CHISOM