European aerospace giant Airbus has weighed into a debate about Britain’s future in Europe, warning of job losses and “huge” economic risks if the country votes to leave the European Union in a referendum to be held by 2017.
A decision to quit the EU would raise doubts about Airbus’s long-term future investments in the country, the company’s top U.K. representative said, although the time needed to transfer manufacturing skills meant it could not easily shift its current operations. Airbus employs 16,000 people in the U.K.
“I don’t believe that there is anyone who has run a global business who can truly, and clearly, argue that there will be greater value and economic benefit outside of the EU, as opposed to in it,” Paul Kahn, president of Airbus Group UK, said in a speech to Welsh business leaders on Wednesday.
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