Brexitwatch for Top 30 Japanese employers in UK – October 4 2018

Brexitwatch Top 30 Japanese employers in UK October 4th 2018
Company UK employees 2017-8* 2015-18 developments
1 Fujitsu 9,326 The Register reports (20 Sep 2018) rumour that moving back to country based model rather than matrix to be announced Oct 1 2018. UK seems to be losing regional power (3 executives in UK with EMEIA responsibilities have left)
2 Nissan 7,956 Will cut 200 back office jobs across UK and Europe (Chronicle 20 Sep 2018). Warns of serious disruption if Hard Brexit Oct 4 2018
4 Itochu (Kwik-Fit) 6,513 Itochu sold off Quantum Group, dissolved Bramhope Group parent 2017-8
3 Honda 6,472 Warned 18 Sep 2018 that Brexit will cost it tens of millions of pounds in paperwork, but remains committed to production in Swindon
5 Hitachi 4,796 Hitachi Capital opened branch in Netherlands 2017
6 Ricoh 3,547 Telford manufacturing site has been designated “Business Development site” in 2017 restructuring plans. Was closure of its MFP Recycled Machines business but also investment in customer experience centre and product lines eg 3D printing. Ricoh Europe Finance in UK is treasury/funding for Ricoh Group – changed currency to Euro 2017. R UK acquired Ridgian 2015 and fully integrated 2017. 2018 acquired Moving Ahead and Women Ahead (social enterprise)
7 Sony 3,483 Registered Sony Europe BV overseas establishment in UK in Aug 2018. Merged Sony DADC UK with Austria Branch to form Sony DADC Europe in UK 2017.
8 Mitsubishi Corporation 3,170 MC International Europe transferred shares in Triland Metal and Princes (food and drink manufacturer) to Japan HQ.
9 Toyota 3,095 No longer producing Avensis. Will produce new Auris (changing name to Corolla) from Burnaston from end 2018. Warning Oct 2 2018 that no deal Brexit would stop production
10 Dentsu 2,851 Dentsu acquired John Brown Publishing, eCommera 2015. Liveposter 2016. The Customer Framework and Gleam Futures 2017
11 Canon 2,728
12 SoftBank 2,418 Acquisition of ARM 2016
13 Marubeni 2,300 Half of employees = Marubeni Automotive (car dealerships)
14 NTT 2,211 NTT Data Services formed 2016 to absorb Dell IT services unit. NTT and NTT Data, Dimension Data to merge globally
17 Nomura 2,194 Nomura Financial Products Europe GmbH granted securities trading license May 2018. Negotiating for Paris to be post Brexit banking/lending hub Oct 4 2018
16 Mitsubishi UFJ Financial Goup 2,194 Amsterdam to be base for post Brexit investment and securities business
15 NSG (Pilkington) 2,159 Architectural and automotive glass
18 Mitsui Sumitomo & Aioi Nissay Dowa 1,933 MS Amlin (acquired 2015/6) announced June 2017 (approved June 2018) setting up post Brexit EU base in Brussels and restructuring of UK March 2018. Aioi Nissay Dowa Insurance shut down PLC and converted to Societas Europeae. Ownership of Mitsui Sumitomo Insurance transferred from Europe to Japan 2018
19 Denso 1,897 Automotive manufacturing
20 NYK Group 1,875 Container shipping merged into Ocean Network Express 2017/8
21 Calsonic Kansei 1,778 CK Europe UK HQ also owns CK Spain and CK Russia – expanding business there
22 Sumitomo Rubber 1,762 Sumitomo Rubber acquired tyre distributor Micheldever in 2017
23 Konica Minolta 1,572
24 Mitsubishi Electric 1,511 Made submission to Migration Advisory Committee 2018
25 Outsourcing 1,506 Outsourcing acquired Ntrinsic 2015, Liberata, JBW, Orizon, Allen Lane 2016, Northgate 2018
26 Yazaki 1,462 Automotive manufacturing
27 Unipres 1,396 Investing for next generation Nissan Juke to be launched 2019
28 Brother Industries 1,384 Brother acquired Domino Printing 2015
29 Olympus 1,348 Medical equipment
30 Sumitomo Mitsui Financial Group 1,339 Established German entity to deal with Brexit risk
TOTAL 88,176
© Rudlin Consulting Ltd

If you would like more detailed analyses, by sector or individual companies, please contact pernilledotrudlinatrudlinconsultingdotcom, outlining the kind of areas you would like covered – we can incorporate a range of data and information in English and Japanese, covering the history, development and structure of Japanese companies in Europe, Middle East and Africa.

*greater part of year occurs in 2017, eg Apr to Mar 2018 or Jan to Dec 2017. Total of all employees at subsidiaries in UK consolidated at group level in Japan

 

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Brexitwatch Top 30 Japanese Employers October 4 2018

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