The British manufacturer Rolls-Royce said the Brexit is not impacting its operation in Prince George.
Rolls-Royce was not pleased with the vote for Britain to leave the European Union, but said all indicators are pointing towards a favorable mid-year earnings report. The company had this to say about the exit from the E.U.:
“We respect the verdict of the electorate, although this is not the outcome we would have chosen. As we have said before, whatever the outcome of the referendum Rolls-Royce will remain committed to the United Kingdom where we have been headquartered for more than a century, where we have a talented and committed workforce and where we carry out the lion’s share of our research and development.
“It is important to remember that Rolls-Royce is a global company: two thirds of our revenue and three quarters of our order book is generated outside the European Union, so the UK’s decision will have no immediate impact on our day-to-day business. The medium and long term effect will depend upon the relationships that are established between the UK, the EU and the rest of the world over the coming years.”
There is no telling what the future holds for Britain, but Rolls-Royce is actually looking to expand its operations in Prince George.
“We’re bringing additional capabilities on-line and expect to hire approximately 50 more people by year-end,” said Joel Reuter, VP of Communications for Rolls-Royce North America. “The increase of 50 people will but us at approximately 250 (employees) by years end.”
This will push Rolls-Royce over the threshold of “small-business.”
The manufacturer will also continue to work with the best and brightest students Virginia Universities have to offer. The effort to create a Virginian workforce ready to meet demands of current industrial markets is still a priority for Rolls-Royce.
“We’re extremely proud of our relationship with the Commonwealth, our education partners and the community,” Reuter said.