Friday 27 April 2018

Companies moving HQs and jobs from London since Brexit vote

A decision by Unilever to consolidate its Rotterdam base continues a trend.

The City of London skyline, seen from City Hall (Victoria Jones/PA)
The City of London skyline, seen from City Hall (Victoria Jones/PA)

By Associated Press Reporter

Unilever’s decision to consolidate its dual headquarters in the Dutch port city of Rotterdam, and not in London, comes at a sensitive time for the British capital.

The consumer goods maker said the decision was not related to Britain’s vote to leave the European Union, which has created uncertainties among businesses about retaining tariff-free access to the bloc’s states.

But it is another symbolic loss for London and Britain more widely, which has already seen several companies and organisations announce jobs or office relocations.

Here is a look at some key announcements since the June 2016 Brexit vote.

-HSBC: moving 1,000 jobs from London to Paris, where it will set up its EU headquarters.

-Lloyd’s of London: moving 100 jobs from London to Brussels; EU headquarters from London to Dublin, Ireland.

-JPMorgan: “hundreds” of jobs from London to Dublin, Frankfurt, Germany, and Luxembourg.

-Barclays: 150 jobs from London to Dublin, where it will set up EU headquarters.

-Bank of America: moving EU headquarters from London to Dublin.

-UBS: under 1,000 jobs from London to EU offices, including Frankfurt.

-Moneygram: moving EU headquarters from London to Brussels.

-European Medicines Agency: moving from London to Amsterdam, including 890 jobs.

-European Banking Authority: moving from London to Paris, including 180 jobs.

Press Association

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