Job openings in London’s finance industry almost halved in 2020 as
the uncertainties of coronavirus and Brexit discouraged hiring.
City
firms advertised 16,335 new roles last year, a drop of 49% on the prior
year and the lowest since at least 2015, according to data from
recruitment firm Morgan McKinley published Monday.
“Brexit on its own would have been hard enough,” said Hakan Enver, managing director at Morgan McKinley’s
U.K. business. “However, the City had to deal with the disruption of
the global pandemic and the potential upheaval of the change of
leadership in the U.S.”
Vanishing Vacancies
London finance job openings have declined since the Brexit vote
The slump in vacancies came in a year marred by uncertainty over a trade deal with the European Union, which offered almost nothing
for the finance sector when it arrived on Dec. 24. The coronavirus
pandemic, meanwhile, kept most office workers at home for much of the
year. While some banks profited from the extra volatility, several large
firms in London and across Europe pressed ahead with job cuts to
counteract the cost of ultra-low interest rates and technological
changes.....
more at Bloomberg
© Bloomberg
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article