Philips May Move U.K. Production in Event of `Hard' Brexit
Dutch health-technology company Royal Philips NV may move manufacturing out of the U.K. in the event of a hard Brexit, as its chief executive officer warned that such an outcome would be a “serious threat” to the viability of its operations in the country. “I am deeply concerned about the competitiveness of our operations in the U.K., especially our manufacturing operations,” Frans van Houten said in emailed comments to Bloomberg.