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As Britain turns inward firms looks to Europe

Tuesday, July 05, 2016 - 01:37

Britain and the European Union are likely to take years to rewrite the rules that govern their business ties after the UK voted to leave the bloc. As Rosanna Philpott reports, one company which makes crash-test dummies can't wait that long.

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At the UK's only manufacturer of crash test dummies, accidents are not the only concern having an impact. Brexit has had business worried. Britain and the EU could take years to rewrite the rules that govern their business ties. But for many that's too long to wait. A quarter of Encocam's staff are from EU countries. Managing director Mike Ashmead is concerned that new immigration rules could make hiring from elsewhere difficult. He says they can't afford the risk, and must expand the company abroad instead. (SOUNDBITE) (English) MANAGING DIRECTOR OF ENCOCAM, MIKE ASHMEAD, SAYING: "We are looking at a number of places, we're looking at Ireland because that will give us the language advantage. We are looking at Spain which is giving us the skills we need. We are looking at Portugal because it's next Spain and also Germany or France." Encocam isn't alone, telecom giant Vodafone has announced it's HQ might be moved from London to mainland Europe. And the concern is working both ways - Germany energy company Siemens has frozen plans to invest in UK wind power. Employees at Encocam say the UK could be shutting it's door to willing skilled and educated workers from across the continent. (SOUNDBITE) (English) POLISH WORKER, LUKASZ ZAGORSKI, SAYING: "Lot's of my friends with probably go to Germany or France or somewhere you know." Leaders of the Leave campaign say their plans would give priority to immigrants most needed by British employers. But it's not only new staff that Ashmead worries about He's concerned the vote will unsettle those already here and that working across the channel will soon become a much more attractive option.

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As Britain turns inward firms looks to Europe

Tuesday, July 05, 2016 - 01:37