Goldman Sachs and Vodafone both considering moving UK roles overseas post-Brexit

Dhwani Mehta FXStreet

Business Insider carrying an article on Wednesday, noting that the negative impact of Brexit has started to show up, with Goldman Sachs and Vodafone both considering moving UK roles overseas following Britain's vote to leave the European Union.

Meanwhile, The Times reports that Richard Gnodde, co-head of the Investment Banking Division of Goldman Sachs, wouldn't rule out moving some or all of the bank's 6,500 UK staff to Europe when asked about Goldman's post-Brexit plans at the paper's CEO Summit on Tuesday.

Vodafone is also threatening to move jobs out of the UK. The telecoms giant late on Tuesday said it could consider moving its headquarters out of the UK because a "very large majority of our 462 million customers, 108,000 employees and 15,000 suppliers are based outside the UK."

As reported by BBC, the company said in a statement: "The UK's membership of the European Union has been an important factor in the growth of a company such as Vodafone. Freedom of movement of people, capital and goods are integral to the operation of any pan-European business as are single legal frameworks spanning all Member States."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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