Chief executive of Siemens UK questions firm’s future role if the country votes for out while majority of UK-based mechanical engineers back its membership of the EU
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The UK would lose substantial amounts of investment in R&D and access to the latest technology research projects if it decides to exit the EU, warned Jurgen Maier, chief executive of Siemens UK.

“For Siemens the UK would not be interesting enough as a country on its own. We are interested in developing R&D and technology. The UK is an attractive market. But after we’ve developed we want to export the technology around the world, and by developing it just to British standards we would not be able to do that,” said Maier

“This is not about protecting what we have today. For our 13 factories to be able to thrive in the future they need to be influencing what the future of their industry is going to look like. They need to be involved in R&D across borders and play in role in setting standards.”

Siemens has 13 factories in the UK and directly employs 14,000 people. Worldwide the company has a presence in almost every country and employs around 348,000 people.

Along with this, the majority of UK-based mechanical engineers back its membership of the EU as it gives better access to markets.

A survey of 2,765 members of the Institution of Mechanical Engineers (IME) found 56 per cent support staying in the EU, compared with 27 per cent who want to leave. Some 17 per cent are undecided.

49 per cent said leaving the EU would make the UK less attractive as a European base for global manufacturers, while a third said they were concerned over the potential of trade barriers being erected if the UK does vote for Brexit.

“Whatever the outcome of the referendum in June, the government needs to ensure the result does not damage the UK’s vital engineering and manufacturing sectors,” said Stephen Tetlow, chief executive of the IME.

“The government must focus on the key engineering issues likely to be affected by the decision. The most pressing are improving access to markets and people with the right skills, ensuring open access to foreign investment and growth in research funding as well as ensuring the UK is still able to continue to play a leading role in influencing European codes and standards,” he added.

http://www.engineersjournal.ie/wp-content/uploads/2016/05/brexit-1-1024x678.jpghttp://www.engineersjournal.ie/wp-content/uploads/2016/05/brexit-1-300x300.jpgDavid O'RiordanNewsEuropean Union,mechanical,UK
The UK would lose substantial amounts of investment in R&D and access to the latest technology research projects if it decides to exit the EU, warned Jurgen Maier, chief executive of Siemens UK. “For Siemens the UK would not be interesting enough as a country on its own. We are...