US bank JPMorgan says UK jobs could move abroad

By: | Updated: June 24, 2016 11:58 PM

US investment bank JPMorgan Chase today warned that it could relocate UK jobs abroad following Britain's vote to leave the European Union.

JPMorgan employs 16,000 people in Britain, while chairman and chief executive Jamie Dimon previously said up to 4,000 jobs could move out of the UK. (Reuters)JPMorgan employs 16,000 people in Britain, while chairman and chief executive Jamie Dimon previously said up to 4,000 jobs could move out of the UK. (Reuters)

US investment bank JPMorgan Chase today warned that it could relocate UK jobs abroad following Britain’s vote to leave the European Union.

“In the months ahead… we may need to make changes to our European legal entity structure and the location of some roles,” said a staff memo obtained by AFP.

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JP Morgan employs 16,000 people in Britain, while chairman and chief executive Jamie Dimon previously said up to 4,000 jobs could move out of the UK.

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