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Brexit

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Original poster

First Brexit employment casualties

616 replies

Stopyourhavering · 25/06/2016 15:02

dd graduated this week, happy times.....phoned this morning to say that 2 of her friends, who had also graduated ( business/law degrees) and been offered jobs had been telephoned by their prospective employers to say that because of Brxit, they were now basing their headquarters in Berlin rather than UK and would no longer be employing them......I fear this is just the start....I am so angry and upset for our youth. My ds and dd2 are so angry and feel betrayed....I wish 16 &17 year olds had been given a vote as I feel they had a better handle on the repercussions of Brexit

OP posts:

BengalCatMum · 25/06/2016 15:35

This reply has been deleted

Message withdrawn at poster's request.

SomethingOnce · 25/06/2016 15:35

Being so heavily dependent on a sector that can choose to up and go overnight, when conditions are no longer in its favour, might warrant some examination and a rethink.

neveradullmoment99 · 25/06/2016 15:37

In a word, agree with the comments about no way can that happen this fast.

I believe it is just Propaganda

OurBlanche · 25/06/2016 15:37

But yes, its all lies and all 'stories'. Nobody has said it is all lies.

Just that stories of jobs being withdrawn hours after the results, before anything has changed stretch credulity.

Change is guaranteed, jobs will be lost, contracts will disappear as a direct result of Brexit. Others would have gone anyway.

Change will happen to people who voted both ways, nobody will be immune. Its not as if there is a higher entity seeing to it that only Remainers lose jobs, contracts etc.

Change would have happened as the EU grew. We can only guess how bad those changes would have been.

People voted according to how good/bad they saw those changes.

GrumpyOldBag · 25/06/2016 15:41

DH is CEO of a small technology company which employs several EU citizens in very skilled specialist roles. No-one knows what is going to happen, they are all very worried.

WeekendAway · 25/06/2016 15:42

I am very surprised that these 'businesses' mentioned in the OP didn't warn potential employees ahead of the vote that this might be the case if Brexit were to go ahead. They obviously had Plan B firmly up there sleeve and ready to go all along so it does sound mighty peculiar. I can't really imagine that they'd go as far as issuing official offers of employment to graduates just to redact them upon receipt of this not entirely unexpected news.

WeekendAway · 25/06/2016 15:42

sorry retract not redact!

GahBuggerit · 25/06/2016 15:42

yes i voted leave because i too am worried for my childrens, very different, future.

chantico · 25/06/2016 15:42

Surely we just move from Erasmus to Erasmus Mundus?

Or seek to expand all the existing non-Erasmus exchange programmes?

Though I am surprised that decisions about relocations and cuts are coming so quickly, before there is even any hint of what future trade and market access negotiating positions are (let alone progress toward future deals). Yes cuts and relocations may become necessary, but this seems more like knee jerk than considered position for emergent new arrangements.

Bumblebzz · 25/06/2016 15:43

I don't expect sympathy for bankers' jobs or perceived bonuses (which incidentally were capped as a result of EU legislation)... But do you have any idea how many jobs are created as a result of having this industry in London? I've listed but a few above. You might not 'like' bankers but presumably you like having a strong economy to pay for schools and the NHS and pensioners and so on, it was one of the key "Leave" selling points, 5th largest economy etc. Not for long though now.

HungryHorace · 25/06/2016 15:44

I do think that there are probably some companies out there who were waiting til after the result to make people redundant, so they could blame it on something else in the event of Brexit.

That doesn't mean I don't think that jobs aren't going to be lost due to the result, just that it will now be blamed for job losses that would've occurred in any event. A bit like choosing to announce something controversial on a day when something huge is in the news (I wonder what gems have completely passed us by from yesterday?).

JudyCoolibar · 25/06/2016 15:46

... and they could have taken those graduates anyway... it won't happen quickly and, even when we are out we can still work in Europe!

Yes, it will. They will have had plans in place, and those plans will have included immediate steps to stop staff recruitment in the UK including binning those who hadn't started work. Why would they hang around waiting for the inevitable?

There's rather a lot of desperate denial of reality on this thread. When people warned that this would happen, they were accused of scaremongering. Now it is happening, they're being accused of making it up. But at some point, probably around the time it affects their own jobs and/or as tax rates go up, the deniers are going to have to face some harsh truths.

mumofthemonsters808 · 25/06/2016 15:50

Do these businesses not have contingency plans ?, Im struggling to get my head around this mass hysteria.

GahBuggerit · 25/06/2016 15:53

no denial here, just find it a bit odd, it must be a large company, just seems a very unusual thing to do. maybe ive just worked for better run businesses that plan for and anticipate external impacts.

Balletgirlmum · 25/06/2016 15:53

I know of someone who was given notice if redundancy yesterdsy along with 400 others. Not London.

Firms have made contingency plans & are now starting to implement them.

Bumblebzz · 25/06/2016 15:55

The contingency plans are what you are about to see unfold. For those expressing disbelief that a firm can suddenly fire people, take a look at UK employment law guidelines on the gov.uk website ( if you want to be informed), it is remarkably easy to make someone redundant - you just have to show their role is redundant. If they have worked for less than two years they have even fewer rights than that. (It may get even easier under a Tory govt not bound by EU laws on employment).

OurBlanche · 25/06/2016 15:56

Judy I said it would not have happened Friday, companies will have had to convene meetings to pass their contingency plans. Those plans are far more likely to happen from Monday onwards.

Again, nobody has said such changes will NOT happen. Please, if you want to have an argument with someone, find someone who disagrees with you. You'll find it more productive!

Bumblebzz · 25/06/2016 15:57

Why would you implement your contingency plans (to exit the UK) before the referendum result??

OurBlanche · 25/06/2016 15:58

Oh and the graduate comment was intended to say that there is no good reason not to take graduates. We will still be in Europe for some time ... so they have no need to be quite so quick.

My apologies if those 2 separate points were very badly written - which I can now see they were.

Balletgirlmum · 25/06/2016 15:59

In the case of the person I know she said that things/meetings/trading happened overnight (24 hour type industry)

JudyCoolibar · 25/06/2016 15:59

Do these businesses not have contingency plans ?, Im struggling to get my head around this mass hysteria

Of course they do. The contingency plan is to get out of the UK. Putting a contingency plan into operation isn't hysterical, rather the reverse.

As for the meetings companies would have had to have to pass a contingency plan - why on earth would they have waited till Friday? I suspect they started working on those plans as soon as Cameron won the last election. And, again, why wait till Monday if they know what the plans are anyway?

velourvoyageur · 25/06/2016 16:00

I've just started working for a foreign company which offers consulting services to, among others, British businesses looking to gain footholds in particular European markets. On Friday the manager was already talking about prioritising non-British potential clients whereas their specialisation is in fact linking British businesses to clients in very tricky and complicated markets. Trying to do this on your own without a consulting firm is almost impossible. Pity because they have a proven track record in successfully introducing British products in the Euro market and are an excellent tool for the growth of these individual businesses. A lot of innovation and exploration will just be stopped dead in its tracks by the prejudice (rightful or not) that this ridiculous decision has got up.

ManonLescaut · 25/06/2016 16:01

But really, no business will move that quickly. They simply cannot

Erm businesses have been preparing for this for the past 2 years. They have plans for both eventualities.

JP Morgan has already said that, contrary to initial reports that they were leaving the UK completely, they will retain a substantial base here, but 1000+ London jobs are to go.

concertplayer · 25/06/2016 16:02

I think the reason for the people having their recent job offers withdrawn was because no one believed there would be a Brexit.
It caught them off guard and so Plan B had to be implemented.

LaurieMarlow · 25/06/2016 16:03

mumofthemonster, yes I believe the contingency plans are 'move to Frankfurt'.

I don't know why this is so hard to grasp, but huge multinationals want to be in centres of stability, security, where trade laws are in place and functioning and they are part of a strong, recognised global entity. The EU delivers on all those things. Now that we're out, the UK doesn't.

It's very easy actually to shift thousands of jobs from London to Frankfurt.

I'm sure many businesses had made plans to leave in the event of Brexit and that's what their employees will have been told Friday morning. Obviously their jobs are not immediately gone, but they're on the line if they don't move with the firm.

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