Brexit

Our update to customers
Contact your local account manager if you have any questions or visit our contacts page

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Monday 5 August 2019

 

We know some of our customers and suppliers are concerned about Brexit, and particularly what will happen if the UK leaves the European Union without a deal.

 

At the time of writing, the UK is scheduled to leave the EU on 31 October 2019.  However, there is still uncertainty about what will happen afterwards and what that means for business and cross-border EU-UK commerce.

 

In particular, it is unclear if there will be a transitional period, during which time there will be minimal change while the EU and UK carry on negotiating, or, alternatively, a so-called ‘No Deal’ scenario. If it is the latter, trade between the UK and EU would then become subject to tariffs and new regulatory requirements.

 

Like other businesses, Siemens has urged political leaders to reach an agreement and to give business enough time to prepare for any change.

 

But we are also taking steps to ensure business continuity in the event of a more disruptive Brexit outcome.

 

These preparations are being given the highest priority and overseen by our Board of Directors. Actions include: resource planning; reviewing and where necessary adjusting our systems and processes; and working with our supply chain in order to minimise disruption to our operations.

 

We hope that a political agreement on Brexit will emerge well before 31 October but we will be prepared for potential disruption.  In addition, as a global company we already supply goods and services to customers around the world and will adapt as necessary in this case.  Our priority will always be supporting our customers to the highest of standards.

 

We will continue to keep our customers and suppliers informed and are happy to answer any further questions. Please contact your local account manager if you would like to discuss this further or visit our Contact Us page.

 

Last updated: 5 August 2019