US bank JPMorgan says UK jobs could move abroad

By: | Published: June 24, 2016 7:17 PM

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

JP MorganJPMorgan 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.

Also Read: JPMorgan says Britain’s EU referendum too close to call

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.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition