Jobs set to move away from London.
Bloomberg News reports that Poland’s government expects JPMorgan Chase to open an operational center in Warsaw, swelling the ranks of banks attracted by Poland’s lower costs amid competition by European cities for jobs set to move away from London.
The U.S. bank, which is poised to hire “several thousand people,” according to Polish Deputy Prime Minister Mateusz Morawiecki, adds to list of foreign lenders that have been relocating some mid- and back-office positions to the formerly communist European Union member.
''The world’s largest bank will have a headquarters here and will hire several thousand people in management, risk management and logistics, which is good as these are well paid jobs,” Morawiecki told public radio Trojka on Friday. “The deal is done."
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