JP Morgan primes staff to leave UK in no-deal Brexit

Pedro Gonçalves
clock • 2 min read

JP Morgan has asked over 300 staff members to sign new contracts to move to France or Germany in the wake of a no-deal Brexit, according to people with knowledge of the plans. The affected staff were warned months ago of the possibility, but with JP Morgan activating its Brexit contingency plans, they now must decide whether to move or risk losing their jobs, the people said. The bank plans to redeploy staff to other roles in order to avoid layoffs, one person told Bloomberg. So far, JP Morgan has shifted only a few dozen staff to continental Europe, preferring to wait until absolutel...

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