First Brexit employment casualties

[Stopyourhavering]

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

On a more anecdotal note, I have a close friend who had secured funding for a new start-up with plans to recruit up to 100 staff in London and base itself there. They are now switching focus to doing that in Dublin instead. Every one of these anecdotes, coupled with the big, corporate lay-offs, will soon start to trickle through.
Another much, much smaller example, we've cancelled plans to have a shed built in our garden (expecting house prices to crash so don't want to throw good money after bad, also expecting to lose our own jobs and emigrate). That's 3-5k of turnover that a local tradesperson/builder now won't get. Hell, I'm not even going to check out the summer sales, will recycle an outfit for a wedding next month!

OurBlache You might be incredulous but all companies with significant ties to Europe would have had business continuity plans in place for both referendum outcomes. On Friday morning the Brexit plans were put into place. Their doesn't have to be extra meetings because the plans were already agree to go into implementation as soon as the results were out. All of my friends in many different industries were warned by their bosses, some in official letters, that their would be issues if Brexit took place.

Just because you don't want to believe that people are losing their jobs because of the way you voted doesn't make it not true.

sorry, wrong there

They don't need French/German speakers to relocate to Paris/Frankfurt. They'll do everything through English

Laughable.

You have to be able to speak French or German to work in Paris or Frankfurt, even if you work for a British or American company. They may speak some English too, but the primary language will the country's language.

You might be incredulous but all companies with significant ties to Europe would have had business continuity plans in place for both referendum outcomes. On Friday morning the Brexit plans were put into place. Their doesn't have to be extra meetings because the plans were already agree to go into implementation as soon as the results were out

Precisely. It just shows how out of touch Brexiteers are with the business world.

If you're a big global company, then of course you've been planning what to do in the event of such a significant change for years. They'll have been fine tuning these plans over the last few months. All they had to do on Friday was hit go.

Does that really come as a shock? Big companies tend to do their homework. unlike many British voters it seems

i hope those 400 people take that company to an ET for unfair dismissal ie. not following statutory procedures. impossible that in a day they have consulted, collectively and individually, worked with any TU and explorec other options.

You can't just make 400 people redundant without consultation. If you plan to make more than 20 people redundant in the 90 days it's compulsory to consult with them.

I assume that when people say that they've had redundancy notices they've - in many cases - been told that there's going to be consultation, as you just cannot implement large scale redundancy without this.

m.acas.org.uk/index.aspx?articleid=4256

You have no idea which way I voted. I have already said on a few threads, it isn't the result I am bothered about but the ridiculousness of the reaction... and that I would say the same whichever way the vote went.

I am saddened that so many people want to call for all sorts of changes because they didn't get he vote they wanted; want people which did vote Brexit to publicly humiliate themselves and resolutely want to believe that all Brexiters are fools who know nothing or are old and greedy. I doubt that is true any ore than all Bremainers are very young with no idea about the wider world or rich and greedy fat cats living high off the hog n London!

And DHs company is holding a string of meetings to discuss their International work. There will be changes. DH will be involved/affected, he will be told on Monday, as will everyone else.

So not all companies have moved in a split second, and I doubt many will have... my opinion and experience contrary to your, but no less true, nonetheless.

HungryHorace Yes, that's what people mean. They've been told that their are going to be redundancies and their job is on the line. My sister's company have announced the same thing.

The people most at risk though are the law trainees for Sept intake. They are easier to shed. The same thing happened in 2008. Again, my sister lost her training contract then and never managed to get back into law. So really, it's another year of graduates screwed over. All for the sake of sticking it to the man and trying to stop the unstoppable (immigration).

This feels like the moment for a slow clap.

Well of course which is why a timescale of Xmas is being given.

The whole department is being closed there may be some jobs in other parts of the company but certainly not for all of them. I don't know what the company does but the name of the department leads me to think it has significant dealings with Europe.

You can consult all you like but a closure is a closure.

Depressing that people don't realise that large firms who use the UK as a base to operate within the EU will no longer want to. And that they won't have just been sitting around waiting for the result they will have been putting contingency plans in place that, shock horror, include leaving the UK. There will be advantages and disadvantages to putting those plans in place as soon as possible as the terms of leaving have not yet been fully defined. But what these firms do know an uncertain and unstable economic environment is pretty much a given and a large risk to their business. Part of business strategy is to mitigate risk, which will mean beginning the process of moving out of the U.K.

People were warned about this and they didn't listen, because who wants to listen to experts.

You have to be able to speak French or German to work in Paris or Frankfurt, even if you work for a British or American company. They may speak some English too, but the primary language will the country's language

This is so naive, I'm not even sure why I'm bothering, but you clearly haven't the slightest clue.

I work with a huge international FMCG company who shifted thousands of Italian and UK jobs to the Netherlands about 2 years ago. Speaking Dutch was neither here nor there. I have many clients in Paris working for big multinationals who don't speak French. My own company has opened offices across 3 continents staffed primarily by people from the London office who don't speak the language.

It's a global world we live in.

Erm businesses have been preparing for this for the past 2 years Yes, so they may have given notice of redundancy... it is a process that takes some time after notification.

Between us DH and I have been through that process 4 times! It is not an immediate happening. There is consultation that happens after notification. And, unless you thunk companies have had all staff on notice for 2 years job losses haven't happened quite as pps say they have.

Not to say the won't...

so theres a post ^ about not building a 5k shed, not being able to go shopping and having to < gasp> wear an outfit twice and Brexiteers are being accused of being out of touch? Its stuff like that which has caused such a divide and probably why some voted the way they did. (sorry pp im sure you are a lovely person irl but that post is a little "say whaaaaat")

The world is never constant. A job is not a job for life these days regardless of Brexit. Adaptability to change is necessary and a lot of posters dont indicate they grasp this.

my company had advertised several ESF funded positions and have now taken these adverts off the company website and we've been told they are no longer going ahead. those currently in ESF funded jobs do not know if their jobs will continue. It's not looking good.

Re the language thing I worked u Switzerland without speaking much German. Most global finance businesses use English as a business language. There are usually also opportunities to learn the local language when you get there.

I don't think redundancy is quite the right language. But the gist of the conversation on Friday will have been something like ... 'Because of Brexit, your jobs will be moving to Frankfurt, Paris, Dublin, etc. If you are free to move with us, we'll start that consultation process. If not, it's a regretful goodbye.'

I don't believe the OP and unless they can name the companies this absolute lie is just fear mongering.

Mamamea....I can assure you it is not bollocks.....my dd was in tears when she phoned, she was so upset for her friends who had just graduated and were looking forward to starting their careers.....I hope your children or family members don't lose their jobs because of this

So many knee-jerk reactions. The UK hasn't even put in the request to leave yet, all that's happened is that there's been a load of dick-swinging and posturing. The EU isn't exactly either strong or stable, facing the prospective exit of one of its biggest and wealthiest members. They're the ones who are panicking - no company is going to want to invest within the Eurozone, when the Euro is spiralling down the drain.

You are really asking the OP to name the firm that two of her child's friends had been offered jobs with?

I certainly would not give that kind of identifying information on the Internet.

Balletgirl can you name that company please? I'd be interested to know what line of business it is and to understand why that has been necessary for them as a result of the vote.

If there are 400 hundred of them it's hardly going to risk outing you or your friend to name the company, or be much of a secret.