On Thursday, the GMB union said that Landis+Gyr, the biggest smart meter maker in Britain, is considering relocating some of its production abroad due to a 20 percent increase in costs, because of the drop of the pound after the vote of Britain to leave the European Union.
The union said that approximately 300 jobs are currently at risk at the site of the company in Stockport in the north west of England.
A spokesperson for Landis+Gyr said that it was consulting employees at its manufacturing sites in both Northfields and Stockport, in the East Midlands, about “optimising the production costs of its UK smart meters.”
She said that the consultation would continue until April.
Landis+Gyr did not confirm whether it planned to move any of its production abroad.
The company has been the provider of meters for various utility companies who have a government led target of offering smart meters to all businesses and homes in the United Kingdom by 2020.