Some Early Signs of ‘Brexit’ Upheaval
Mr. Dimon had said before the vote that up to a quarter of JPMorgan’s 16,000 employees in Britain might need to relocate.
.. And in the meantime, Europe could be in for serious political instability as right-wing parties in France, Finland and other countries try to ride Britain’s coattails out of the union.
.. BMW Mini automobiles and other products manufactured in Britain will be less expensive for people paying in euros and other foreign currencies. That could be good for exports.
.. Britain’s financial services industry, which employs 1.2 million people, is especially vulnerable.
.. Even Deutsche Bank, the symbol of German banking nominally based in Frankfurt, uses London as a base for investment banking and trading. It has often made most of its profit there.
.. Airbus produces wings in Broughton and employs 15,000 people in Britain plus tens of thousands more at suppliers.
.. Google employs roughly 1,000 engineers across Britain
.. German brands like BMW, Mercedes and Volkswagen account for half the cars sold in Britain
.. Probably the most important company in the renaissance of British car manufacturing has been Nissan, which has pumped close to 4 billion pounds since the mid-1980s into a world-class factory in Sunderland in northeast England.
.. Probably the most important company in the renaissance of British car manufacturing has been Nissan, which has pumped close to 4 billion pounds since the mid-1980s into a world-class factory in Sunderland in northeast England.
.. Yet despite the European Union’s importance to local jobs, voters in Sunderland voted overwhelmingly to leave.