London (CNN Business) A top Siemens executive has warned that chaos over Brexit is wrecking the United Kingdom’s reputation as a place to do business and turning it into a “laughing stock.”
“Enough is enough. We are all running out of patience,” Juergen Maier, the CEO of Siemens (SIEGY) UK, told lawmakers in an open letter published Monday in Politico.
Maier said that continued uncertainty over Brexit has made it difficult to invest in the United Kingdom, where the global engineering giant employs 15,000 people and generates annual sales of roughly £5 billion ($6.6 billion).
