Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Panasonic to move its European headquarters out of UK

Indo-Asian News Service
Updated: August 31st, 2018, 12:17 IST
in International
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Tokyo: Japanese technology company Panasonic will move its European headquarters outside of the United Kingdom October 1, before the country leaves the European Union, a move known as brexit, in 2019, a spokeswoman for the conglomerate said Friday.

Panasonic confirmed to Efe that it will move its European headquarters from Bracknell, in Berkshire County, about 45 km west of London, to Amsterdam, the Netherlands, where the headquarters of Panasonic Holding Netherlands (parent of its subsidiaries located outside Japan) and Panasonic Finance (PFI), the group’s financing company, are already located.

Also Read

Trump mired in Epstein controversy as Wall Street Journal reports on 2003 letter

9 hours ago
Israel forces face hand-to-hand combat with Hamas militants in 40ft deep Gaza tunnels

Israel to raise defence budget amid ongoing conflicts

11 hours ago

The move “will allow a high level of cooperation and collaboration with PHN and PFI, whose main objective is to expand shared operations in Europe to achieve greater efficiency and cost competitiveness, while having easy access to the different European markets”, spokeswoman said.

The company also took into account the decision of the United Kingdom to leave the European Union in determining the relocation.

“In the future, this may lead to changes in the transfer of labor, products, materials, services, data and potential tax obstacles through the application of different rules and regulations between the UK and the EU,” she said.

Panasonic would also like to avoid the problems that could arise if the Japanese government were to consider the United Kingdom as a tax haven if it opts to reduce corporate taxes in order to attract companies after the brexit, planned for March next year, to alleviate the flight of large conglomerates.

The Japanese technology conglomerate said it hopes to “minimise the impact wherever possible for the small number of people involved in this change of our regional headquarters” and stated that “no business operations in the UK will be affected”.

 

IANS

Tags: BrexitPanasonicUK
Share6TweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019

Archives

Editorial

Use & Abuse

Courtesy: Tech Crunch
July 16, 2025

Freedom of speech and expression is the soul of democracy and to rob an individual of that fundamental right is...

Read more

Trump Targets BRICS

July 15, 2025

US President Donald Trump is opening new theatres of his global tariff war. This appears to be a strategy he...

Read more

ECI & Aadhaar

Election Commission of India
July 14, 2025

Many of the acts of omission and commission by the Election Commission of India (ECI) in the recent past have...

Read more

Socialist Democrat

Aakar Patel
July 13, 2025

One of the most remarkable democratic developments of recent times came from New York City this month. A 33-year-old man...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST