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Airbus 'may reconsider' investment if UK leaves the EU

European aerospace giant Airbus, which has a factory in Broughton, has warned of job losses and "huge" economic risks if Britain votes to leave the European Union in a referendum to be held by 2017.

President of Airbus Group UK has warned about the possible consequences of leaving the EU. Credit: Press Association

A decision to quit the EU would raise doubts about Airbus's long-term future investments in the country, according to President of Airbus Group UK, Paul Kahn. Airbus employs 16,000 people in the UK.

He said:

"If after an exit from the European Union, economic conditions in Britain were less favourable for business than in other parts of Europe, or beyond; would Airbus reconsider future investment in the United Kingdom? Yes, absolutely".

– Paul Khan

Mr Kahn added that the long-term economic risks of a potential British exit were "huge".

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Airbus order safeguards jobs

The Prime Minister has confirmed that Airbus in Broughton have been given a multi billion pound shot in the arm.

Mr Cameron confirmed that the company will work on an order for a hundred new A 320 aircraft for Air Asia.

It'll help to safeguard 1500 jobs and more in the supply line.

Heres Elaine Willcox.

Airbus deal safeguards jobs in the region

Airbus has announced a new order for 100 aircraft which it said will help sustain 9,000 jobs.

Prime Minister David Cameron joined the airline's founder during a visit to the Airbus factory in Broughton, North Wales, where the order was announced.

It'll help to safeguard 1500 jobs in our region and more in the supply line.

New deal for Airbus announced

A multi-billion pound deal for Airbus, which makes wings for its aircraft at its factory at Broughton near Chester has just been announced.

Philippines Airlines is to buy fifty four of the company's planes in a deal worth £4.5billion.

Airbus employs more than 5,000 people at its Broughton site. It's thought the deal will significantly increase job security for the workforce.