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Jobs Lost to Brexit ‘Impossible’ to Get Back, Bank Chief Says - "It would take a decade at least to return jobs"
Britain should not expect to get back jobs that have been transferred to the rest of Europe in preparation for the country’s departure from the European Union, according to the chief executive officer of Julius Baer Group Ltd. "Frankly it’s impossible,” Boris Collardi said when asked how difficult it would be to get the jobs back. “It will take a decade if at all.” Moving jobs is not just about moving physical tasks, but also about moving people, committing investments and setting up an infrastructure, he said in a Bloomberg TV interview Monday.
“In any reasonable company you have to do that over a planning cycle, so I don’t think...
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