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

Do these people who are in denial about job losses, actually work themselves? Just wondering how anyone can be so completely disconnected from reality, and the reality of running a business in an unstable country. Yes, unstable, check out the recent credit risk

"Leave voters really need to take their fingers out of their ears and start listening to the reality of a leave vote."

There's no reality, there's just a lot of twats on social media mouthing off.

Nobody knows a goddamn thing.

Draylon I don't think anyone would argue with what you said has happened, in the way it happened, at all. it sounds perfectly believable.

Unlike some of the slightly exaggerated and probably factually incorrect examples given elsewhere in the thread that have been worded in a way to whip up maximum hysteria.

Do all you people in denial actually work? Because I am astounded at your disconnect from reality. Moody's downgraded their outlook for the UK today, or are you still ignoring the "experts" ?

The JP Morgan statement says nothing reassuring to staff. In fact the part that says "we may need to make changes to our European legal entity structure and the location of some roles" doesn't just affect a few lawyers, it affects the legal structure of the business, i.e. where it is based to do EU business.

It's designed to reassure clients. You'd either be ridiculously naive or an idiot if you took it to mean "we aren't planning any changes for staff at all".

Bumblez,

Yes I work.

Unstable? Did gilts collapse on Friday then? Are they trading at 6 or 7% to reflect our imminent default?

Must have missed that one.

Sorry, duplicate post

It's designed to reassure clients. You'd either be ridiculously naive or an idiot if you took it to mean "we aren't planning any changes for staff at all".

Of course not, but neither does it mean they are shutting up shop in London and the last one out turn off the lights.

Anyway, I'm done trying to debate with people who resort to calling contributors a "lot of twats".
Good luck sorting this county out, you will need it.

Country not county!

Bumbles,

I don't think you like data. You prefer emotional hyperbole. Bye then.

Just been to a unice open day and been assured that ERASMUSSEN will still operate. Students will be ineffective but their background administration will increase. They said the current links they have under the scheme will remain. Foreign students will always want to come to the UK to improve their English so the exchanges will still go ahead.

What I find odd is these companies can just sack people and move a whole company do quickly that jobs are going next week with no notice or anything. It's all over the Internet poor people sacked on Friday just like that.

Sorry for my typo ERASMUS is what I meant!

Larry

The legal entity structure is the legal basis on which the company operates with regard to contracts, deals, agreements, paying and incurring debts etc. JP Morgan are making changes to that structure.

Legal entity controllers have accountant/finance backgrounds, they are not lawyers.

The reality is, that the Remainers have gone insane, and are throwing their toys out of their prams all over social media, ranting and raving like lunatics. People are just asking for one single shred of evidence, rather than to take the rantings of the mad at face value.

The Remain camp's ranting nonsense in response to the Brexit vote defies belief. Hence people asking for proof, because there are so many plain and simple lies from the Bremainers.

I thought we were into post-fact politics?
I thought that we didn't trust any information given by anyone.
NOW all of a sudden we are being asked to provide facts and evidence.

Funny that.

This is part of the brainwash. And it is a brainwash. The choice to believe what you want when and if it suits you.

It is impossible to argue or prove anything with this logic going on.

Believe.
Make Britain Better.

Anything that does not fit into this narrative is problematic.

'Remain are just crazy and can not be trusted' is the mantra that has seeped into the consciousness.

If a company has a choice of two locations in which to invest: one in a stable economy and one which is set to face 2 years of turmoil/uncertainty, which location do you think they will choose?

I presume you're suggesting the UK is facing the 2 years of turmoil - I disagree.

And I presume you're suggesting the EU is a stable economy - I disagree even more. The Euro's doomed to failure. That really will be scary when it happens.

Not true. From personal experience

I too speak from personal experience.

I've worked in London, Paris and NY. My sister has worked for Goldmans in London, NY and Paris. My husband has worked for BNP Paribas in London, Paris, Frankfurt and NY.

We all had to speak the language of the country in which we were based, even if some of the work could be done in English.

You have to be able speak the language of the country, even if you do some or much of your work in English.

Talking to a medium sized business owner here - planning how to afford the inevitable redundancies if (when?) the housing market tanks.

I presume you're suggesting the UK is facing the 2 years of turmoil - I disagree

It's facing 5 -10 years of turmoil, and long term decline.

And the fact there were going yo be major job losses (& not just in the City) was fucking obvious.

I hope they aren't as many as some of us fear.

It will all be okay.

The JP Morgan statement says nothing reassuring to staff. In fact the part that says "we may need to make changes to our European legal entity structure and the location of some roles" doesn't just affect a few lawyers, it affects the legal structure of the business, i.e. where it is based to do EU business

Exactly my point.

Spoke to someone this morning who has a useless apprentice they want to get rid of and had decide to fire them on Monday using Bexit as an excuse because no-one will question it

Apprentices have exceptionally good protection in law. I hope the apprentice seeks out employment law advice.

Tata steel bidders starting to get cold feet too apparently.

ManonLescaut - if the UK has 5-10 years of turmoil and long term decline, I dread to think what things will be like inside the Eurozone (if it lasts beyond 10 years). We had all the forecasts of doom when we left the ERM - they weren't exactly accurate then, were they?