JPMorgan Chase to create thousands of jobs in Poland

JPMorgan Chase to create thousands of jobs in Poland

JPMorgan Chase, one of the world's largest banks, is opening a new global corporate centre in Warsaw, Poland, and will hire more than 3,000 people in the next three years.

The move, which comes as Brexit negotiations are ongoing, was announced on Tuesday in Warsaw by Steve Cohen, JPMorgan Chase's managing director, and Mateusz Morawiecki, Poland's deputy prime minister and development minister.

The move is the latest example of the attractiveness of Poland to foreign investors given the country's strong economic growth, now at nearly 4% per year, and a labour force that is skilled but still cheaper than in Western Europe.

The development also comes as global businesses seek to shift some operations from Britain to other members of the European Union given the UK's coming departure from the EU single market.

AP

More in this Section

UK economy ‘spluttering’ despite return to growth, say analystsUK economy ‘spluttering’ despite return to growth, say analysts

Brexit blamed as optimism among Irish businesses falls to nine-year lowBrexit blamed as optimism among Irish businesses falls to nine-year low

UK economy avoids recession after return to growth in third quarterUK economy avoids recession after return to growth in third quarter

Chinese buyer set to save British Steel plant, and 4,000 jobsChinese buyer set to save British Steel plant, and 4,000 jobs


Lifestyle

When bride-to-be Alma Clohessy enlisted her mother Rita’s help in planning her wedding, they made the most of every precious moment together.Wedding of the Week: 'It was the best, yet most emotional day of my life'

As you may be aware, new rules around motor insurance documentation have been introduced. The rules are aimed at improving transparency for consumers but a broker is warning they may have unintended consequences and could cause some confusion among policy holders.Drive a hard bargain for better car insurance

Irish National Opera’s imaginative staging of the Cinderella story does justice to Rossini's vision, writes Cathy Desmond.Imaginative staging of the Cinderella story does justice to Rossini's vision

Kya deLongchamps has 10 golden rules for successful vintage and antique hunting.Vintage View: Our 10 golden rules for successful vintage and antique hunting

More From The Irish Examiner