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JP Morgan to cut 200 UK jobs
by Alex Steger on Feb 12, 2013 at 08:10
JP Morgan is to cut around 200 jobs from its Swindon office, according to reports.
The BBC reported that JP Morgan staff will continue to work at its offices in Lydiard Fields for another year before its closure in the town.
JP Morgan told the BBC that it was still working out what relocation packages it could offer to its employees.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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