HSBC has moved a ‘tiny number’ of jobs due to Brexit, CEO says GlobeBusiness
Arnd Wiegmann/Reuters
“I would imagine it’s tens, I don’t know exactly but it’s a tiny number of people who have moved so far,” Flint said.Chief Financial Officer Ewen Stevenson said the lender would likely slow the pace of moving the jobs due to recent uncertainty over the outcome of talks with the European Union. A Reuters survey in February found financial services firms expected to move around 2,000 jobs as a result of Brexit, a fifth of the 10,000 flagged in a survey in September 2017.Shareholders at the meeting overwhelmingly voted against ending a form of pension cuts affecting thousands of former employees, following a protest by some of them outside the bank’s annual meeting in the central English city.
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