US bank JPMorgan says UK jobs could move abroad

1 min read . Updated: 24 Jun 2016, 03:23 PM IST AFP

James ‘Jamie’ Dimon, chairman and CEO of JPMorgan Chase & Co. warned that it could relocate UK jobs abroad following Britain’s vote to leave the European Union (EU). Photo: Tomohiro Ohsumi/Bloomberg

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

London: US investment bank JPMorgan Chase & Co. on Friday warned that it could relocate UK jobs abroad following Britain’s vote to leave the European Union (EU).

“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.

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.

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