JPMorgan to Relocate 200 London Workers -Bloomberg
September 18 2020 - 3:09PM
Dow Jones News
--JPMorgan Chase & Co. plans to move about 200 staff from
London as the U.K. prepares to exit the European Union, Bloomberg
reported Friday, citing people familiar with the matter.
--Workers in areas such sales and trading would have to sign new
contracts and prepare to relocate in time for Jan. 1, according to
the report.
--Workers would move to other European cities and receive six
months' commuting and accommodation support in addition to help
with language courses, the report said.
--A spokesman for JPMorgan in London declined to comment,
according to Bloomberg.
Full story:
https://www.bloomberg.com/news/articles/2020-09-18/jpmorgan-to-relocate-200-london-bankers-as-no-deal-brexit-looms?sref=cvDKYV7o
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
September 18, 2020 14:54 ET (18:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From Mar 2024 to Apr 2024
JP Morgan Chase (NYSE:JPM)
Historical Stock Chart
From Apr 2023 to Apr 2024