JPMorgan to cut up to 200 UK jobs
Most job cuts to be at its Swindon Office
By CFOWorld.co.uk staff | CFO UK | Published 12:00, 11 February 13
Global financial firm JPMorgan has said it will cut up to 200 UK jobs.
The company confirmed on Monday that most of the cuts are like to take place at its Lydiard Fields facility in Swindon.
JPMorgan said the cuts are not likely to take place for another year and added that it was still planning what relocation or compensation packages it could offer to employees in the run-up to the date of the planned cuts.
Swindon South MP Robert Buckland told the BBC he would be seeking more detail about the planned job losses.
"I'll be making enquiries about the full extent of their proposals to get it clear in my mind precisely who is going to be affected locally and what can be done to help support any members of the workforce who are going to be made redundant or lose their jobs," Buckland added.
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