Saturday 10 December 2016

CEOs back David Cameron's remain campaign

Parikshit Mishra and Kylie MacLellan

Published 20/05/2016 | 02:30

Signatory Michael Bloomberg. Photo: Bloomberg
Signatory Michael Bloomberg. Photo: Bloomberg

The heads of 15 major international companies, including GE, Cisco, Mars, EMC, Airbus, and former New York Mayor Michael Bloomberg, yesterday signed a letter to the 'Financial Times' calling for Britain to remain in the EU.

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Representatives from many of the companies, which the UK government said together employed more than 170,000 people in Britain, also met Prime Minister David Cameron yesterday to discuss Britain's June 23 EU membership referendum.

"We see Britain's EU membership as a win-win situation: the single market offers us seamless access to a market of 500 million people, giving us instant possibility to scale up our investment," the business leaders said in the letter, published in the newspaper yesterday.

Jeff Immelt, chief executive of GE; Tom Enders, chief executive of Airbus Group; Chuck Robbins, chief executive of Cisco; Hiroaki Nakanishi, chairman of Hitachi; and Grant Reid, president of Mars, among others, signed the letter. The signatories said if Britain were to leave the single market, major international businesses' future investment decisions could be affected.

A spokesman for David Cameron said that many of the companies said they had located their European headquarters in Britain knowing they would have free access to the EU's single market.

Reuters

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