JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned the investment bank may have to cut jobs in the U.K. if the country decides to exit the European Union in the referendum this month.
A so-called Brexit vote would result in long-term uncertainty for the U.K. and EU economies, Dimon said in a joint address to the bank’s staff in Bournemouth with Chancellor of the Exchequer George Osborne on Friday. The bank has more than 16,000 employees across six locations in Britain, including back-office and support roles in Bournemouth, a British seaside resort 108 miles south of London.
“If the U.K. leaves the EU, we may have no choice but to re-organize our business model here,” Dimon said in prepared remarks provided to Bloomberg. “Brexit could mean fewer JPMorgan jobs in the U.K. and more jobs in Europe.” .... http://www.bloomberg.com
