The banker prepares a two-stage contingency plan to appease the staff who are un
The bankers are leaning on thin ice and have developed two stages of contingency plans to prevent the loss of those troubled London employees and to figure out how many jobs will be relocated to the European continent due to Britain's disengagement.
British Prime Minister Teresa May (Theresa May) Wednesday will officially trigger the European program, start a two-year consultation. The talks will shape the future of Britain and Europe and will determine London as a global financial center.
The negotiations also mean that investment banks began to take concrete measures to meet the British off Europe. The priority of investment banks is to ensure that they are able to continue to serve their customers throughout Europe after March 29, 2019.
"Everyone has to prepare for the crisis of the 'edge of the cliff', that is, you need to be in a very short time, more or less let the people on the ground believe that no matter what happens you will be safe," by the Frankfurt government Support organization Hubertus Vaeth, head of Frankfurt Main Finance.
The first phase involves a relatively small number of employees to ensure that the necessary licenses, technology and infrastructure are in place. The next stage of the need to look more long-term, consider the future of the European business situation, will take more action initiatives.
"We expect the next few months ... there will be a small number of scattered employees," Vaeth said.
** London financial industry people panic
The UK financial industry has a total of 2.2 million employees, many of whom are worried that the UK will lead to their unemployment, or will they have to consider moving to Frankfurt, Dublin, Paris, Luxembourg, and even Malta.
"If I'm standing in front of London's staff, say, 'how many of you will be transferred to Frankfurt,' how many people do you think will stick to it? '" Said a multinational bank executive.
Employers must decide whether to set up overseas business to find ways to transfer the London staff, or to send them to re-recruitment. This means that they have to decide which posts will be affected, which may take some time.
British Prime Minister Teresa May (Theresa May) Wednesday will officially trigger the European program, start a two-year consultation. The talks will shape the future of Britain and Europe and will determine London as a global financial center.
The negotiations also mean that investment banks began to take concrete measures to meet the British off Europe. The priority of investment banks is to ensure that they are able to continue to serve their customers throughout Europe after March 29, 2019.
"Everyone has to prepare for the crisis of the 'edge of the cliff', that is, you need to be in a very short time, more or less let the people on the ground believe that no matter what happens you will be safe," by the Frankfurt government Support organization Hubertus Vaeth, head of Frankfurt Main Finance.
The first phase involves a relatively small number of employees to ensure that the necessary licenses, technology and infrastructure are in place. The next stage of the need to look more long-term, consider the future of the European business situation, will take more action initiatives.
"We expect the next few months ... there will be a small number of scattered employees," Vaeth said.
** London financial industry people panic
The UK financial industry has a total of 2.2 million employees, many of whom are worried that the UK will lead to their unemployment, or will they have to consider moving to Frankfurt, Dublin, Paris, Luxembourg, and even Malta.
"If I'm standing in front of London's staff, say, 'how many of you will be transferred to Frankfurt,' how many people do you think will stick to it? '" Said a multinational bank executive.
Employers must decide whether to set up overseas business to find ways to transfer the London staff, or to send them to re-recruitment. This means that they have to decide which posts will be affected, which may take some time.