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View Full Version : BREXIT - Movers and Shakers



Whorty
16th July 2017, 08:41
Wanted to start a thread to capture companies who have confirmed they will be moving staff into Europe, or out of Europe and into UK, due to Brexit. This will show jobs lost/gained directly due to Brexit. From a BBC news story ...

UK Jobs lost

Barclays - Dublin
Legal & General - Dublin
Standard Life - Dublin
JP Morgan - Dublin
Daiwa Securities - Frankfurt
Sumitomo Mitsui - Frankfurt
Nomura Holdings - Frankfurt
Goldman Sachs - Frankfurt
Standard Chartered - Frankfurt
Deutsche Bank - Frankfurt + other EU locations
Credit Agricole - France (rumoured)
HSBC - Paris (not confirmed)
EasyJet - Austria

UK Jobs gained

I don't know any, but please feel free to add what you know

VectraMan
16th July 2017, 08:46
Lots of UK jobs created for unelected bureaucrats.

Hundreds of civil service jobs for Brexit negotiators have not been filled days before talks formally begin, watchdog warns (http://www.telegraph.co.uk/news/2017/03/24/hundreds-civil-service-jobs-forbrexitnegotiators-have-not-filled/)

Whorty
16th July 2017, 08:51
Lots of UK jobs created for unelected bureaucrats.

Hundreds of civil service jobs for*Brexit*negotiators have not been filled days before talks formally begin, watchdog warns* (http://www.telegraph.co.uk/news/2017/03/24/hundreds-civil-service-jobs-forbrexitnegotiators-have-not-filled/)

Short term jobs, for the duration of the negotiations (wonder if they are in IR35?) A direct drain on the taxpayer but happy to add them to the list.

Edit - for the cost of these 1000 civil servants, assuming a salary of at least 50k each, we could have hired 2000 nurses to help our ailing NHS.

Whorty
16th July 2017, 08:52
UK Jobs lost

Barclays - Dublin
Legal & General - Dublin
Standard Life - Dublin
JP Morgan - Dublin
Daiwa Securities - Frankfurt
Sumitomo Mitsui - Frankfurt
Nomura Holdings - Frankfurt
Goldman Sachs - Frankfurt
Standard Chartered - Frankfurt
Deutsche Bank - Frankfurt + other EU locations
Credit Agricole - France (rumoured)
HSBC - Paris (not confirmed)
EasyJet - Austria

UK Jobs gained

Civil servant Brexit Negotiation positions (1000 short term roles) - London

Paddy
16th July 2017, 09:26
ADD

Diageo (Drinks manufacture and supplier)

Eddie Stobart , main operations going to Luxembourg.

Microsoft to Prague (to be confirmed)

darmstadt
16th July 2017, 10:21
LUSH: 'Confused and worried': Lush hires immigration experts to advise staff on Brexit (From Bournemouth Echo) (http://www.bournemouthecho.co.uk/news/15411875._Confused_and_worried___Lush_hires_immigr ation_experts_to_advise_staff_on_Brexit/)

JozefBlofeld
16th July 2017, 10:44
Add (to exodus)

Société Générale 400 jobs to Paris.

Morgan Stanley, 1000 to New York.

UBS, 1500 toSwitzerland.

Paddy
16th July 2017, 11:53
It seems that most mobile phone companies are pro-brexit. Anything to do with roaming charges will be re-introduced?

BlasterBates
16th July 2017, 12:07
Former UKIP leader predicts Brexit will never happen (http://www.express.co.uk/news/politics/829213/Diane-James-UKIP-Brexit-Radio-4-Broadcasting-House-Brussels-negotiations)

Lets face it the UK government is in disarray.

British ministers making it up as they go along (http://www.express.co.uk/news/uk/829182/germany-brexit-ireland-uk-disgrace-ray-butler)


Senior German politicians hit out at the UK over its Brexit policy, accusing them of “making it up as they go along”.

:D

Whorty
16th July 2017, 12:35
UK Jobs lost

Barclays - Dublin
Legal & General - Dublin
Standard Life - Dublin
JP Morgan - Dublin
Daiwa Securities - Frankfurt
Sumitomo Mitsui - Frankfurt
Nomura Holdings - Frankfurt
Goldman Sachs - Frankfurt
Standard Chartered - Frankfurt
Deutsche Bank - Frankfurt + other EU locations
Credit Agricole - France (rumoured)
HSBC - Paris (not confirmed)
EasyJet - Austria
Diageo (Drinks manufacture and supplier) - to where?
Eddie Stobart , main operations going to Luxembourg.
Microsoft to Prague (to be confirmed)
Lush? -
Société Générale - Paris 400 jobs
Morgan Stanley - New York 1000 jobs
UBS - Switzerland 1500 jobs


UK Jobs gained

Civil servant Brexit Negotiation positions (1000 short term roles) - London[/QUOTE]

BrilloPad
16th July 2017, 14:06
I believe admin is taking on another mod on Wednesday afternoons. Though the pay is very low.

BlasterBates
16th July 2017, 14:10
Theresa May depressed and "shrivelled" (http://www.dailymail.co.uk/news/article-4700100/Depressed-Theresa-t-function-Tory-claims.html)

:D

BrilloPad
16th July 2017, 14:13
Theresa May depressed and "shrivelled" (http://www.dailymail.co.uk/news/article-4700100/Depressed-Theresa-t-function-Tory-claims.html)

:D

There are many unpopular though essential decisions that need to be taken. She should make them and see how it works out. Like Thatcher did.

Paddy
16th July 2017, 14:51
Theresa May depressed and "shrivelled" (http://www.dailymail.co.uk/news/article-4700100/Depressed-Theresa-t-function-Tory-claims.html)

:D

DM; poor quality Photoshop of May, interesting

AtW
16th July 2017, 14:57
There are many unpopular though essential decisions that need to be taken. She should make them and see how it works out. Like Thatcher did.

Just wait until new "autumn" budget - it's going to be a tax bloodbath :eyes

scooterscot
16th July 2017, 15:29
Theresa May depressed and "shrivelled" (http://www.dailymail.co.uk/news/article-4700100/Depressed-Theresa-t-function-Tory-claims.html)

:D

Can't have mental health illnesses leading the country. She should step aside.

AtW
16th July 2017, 15:38
Can't have mental health illnesses leading the country. She should step aside.

To resign after becoming PM? Now that would be mental.

darmstadt
16th July 2017, 15:47
To resign after becoming PM? Now that would be mental.

http://s1.b3ta.com/host/creative/96253/1499984452/Maypooh.jpg

greenlake
16th July 2017, 16:19
DM; poor quality Photoshop of May, interesting

Do you appreciate how much effort it takes to create this....

http://i.imgur.com/GQP5XyF.jpg

....when you're starting with this....?

http://i.imgur.com/7737Hhj.jpg

BlasterBates
17th July 2017, 10:47
Bit of great doom from the Graudian.

Brexit anxiety hits business confidence (https://www.theguardian.com/politics/2017/jul/17/uk-business-confidence-britain-economic-growth-brexit-anxiety)

:D

_V_
17th July 2017, 18:45
Wall Street giant Citi to unveil Brexit plan for new EU unit (http://news.sky.com/story/wall-street-giant-citi-to-unveil-brexit-plan-for-new-eu-unit-10952031)


Citi will become the latest Wall Street giant to unveil plans to cope with the UK's departure from the European Union this week when it names Frankfurt as the location for a major new trading operation.

Sky News has learnt that Citi's board has finalised plans to establish a second EU-based broker-dealer, which will handle many of the market trading activities currently undertaken in London.

Looks like a Brexit opportunity for BTL apartments in Frankfurt. Profit from Doom!

Paddy
21st July 2017, 09:16
The latest financial institution making plans to relocate jobs away from the UK is Morgan Stanley, which has announced that Frankfurt will become its post-Brexit EU hub, a move that could shift an initial 200 jobs to Germany

https://www.theguardian.com/commentisfree/2017/jul/21/brexit-banking-exodus-theresa-may-morgan-stanley

Mordac
21st July 2017, 10:04
UK Jobs lost

Barclays - Dublin
Legal & General - Dublin
Standard Life - Dublin
JP Morgan - Dublin
Daiwa Securities - Frankfurt
Sumitomo Mitsui - Frankfurt
Nomura Holdings - Frankfurt
Goldman Sachs - Frankfurt
Standard Chartered - Frankfurt
Deutsche Bank - Frankfurt + other EU locations
Credit Agricole - France (rumoured)
HSBC - Paris (not confirmed)
EasyJet - Austria
Diageo (Drinks manufacture and supplier) - to where?
Eddie Stobart , main operations going to Luxembourg.
Microsoft to Prague (to be confirmed)
Lush? -
Société Générale - Paris 400 jobs
Morgan Stanley - New York 1000 jobs
UBS - Switzerland 1500 jobs


UK Jobs gained

Civil servant Brexit Negotiation positions (1000 short term roles) - London[/QUOTE]

A few quibbles here: Morgan Stanley to New York, and you're blaming Brexit? Seriously?
SocGen to Paris - hardly shock news.
Ditto Deutsche Bank to Frankfurt & UBS to Switzerland etc.
Easyjet are not moving to Austria, they're setting up a new operation with a handful of people so they can register some of their aircraft "inside the EU" in order to continue operating flights between EU countries.
Also, Diageo most likely to Switzerland - they moved a number of operations (but not that many people) there some years ago for tax reasons (Geneva I think). A mate of mine worked on the ERP side of that project.

SamCole
23rd November 2017, 00:12
I heard at the interview at Credit Agricole from Jozef Sebestyen that the mandatory feature of the new WPF trading system will bi-lingual support.
So, the old one doesn't support French.
He gave the nod that the plan to move to France is considered seriously.
Expect that contract might be not longer than the brexit leave date.