AXA moves jobs from London to Dublin. Unfairly blames Brexit

[vetran]

“Quote popular”. Mate, I was working at Microsoft in Clondalkin in Dublin 20 years ago. It’s not a new thing that you’ve just discovered.

so its feck all to do with brexit - point proven then. Feck me don't you ever tire of the door breaking your nose? Maybe they need a toilet cleaner again?

[darmstadt]

Chief Executive Thomas Buberl told reporters on Thursday that AXA’s recently acquired XL division had already initiated the plans to move some staff to Ireland from the U.K. before its eventual takeover by AXA last year.


“It will be mostly people taking the way U.K.-Ireland,” he said. “Since the former hub is in France, we will have to take some jobs from France as Irish regulators will ask functions to be handled there,” said Buberl, who did not specify how many staff would be moving over to Ireland.

From UK - Ireland....

[darmstadt]

What about these guys:

One of Japan’s largest banks has blamed Brexit for its decision to move part of its business to Amsterdam, 24 hours after Theresa May sought to enlist the Japanese prime minister in the fight to save her deal with the EU.Norinchukin bank announced plans to set up a wholly owned subsidiary in the Dutch capital, a move that critics of the prime minister’s deal cited as evidence that both a no-deal Brexit and her deal were likely to damage the UK economy.
The bank said in its statement on Friday morning that the decision had been made “in response to the planned withdrawal of the United Kingdom from the European Union, and other changes to the economic environment in Europe”.
It added that “the purpose of this establishment is to strengthen … business in Europe”, a sign that the initial move is likely to be followed by a commensurate downgrading of its presence in London.

[Old Greg]

What about these guys:

Treason and lies!

[Old Greg]

so its feck all to do with brexit - point proven then. Feck me don't you ever tire of the door breaking your nose? Maybe they need a toilet cleaner again?

I never tire of thread like these. You're hilarious.

[meridian]

so its feck all to do with brexit - point proven then. Feck me don't you ever tire of the door breaking your nose? Maybe they need a toilet cleaner again?

I should have figured you'd put 2 and 2 together and get 7¾.

Let me join the dots for you:
You suspect that it's more tax-related, and that because their hub was in France they are also moving people from there.
I've simply pointed out that companies have been moving to Ireland for over 20 years.

- If they wanted to move to Ireland for tax purposes, they could have done it at any time over the past 20 years. They've only done it now, pre-Brexit. What do you think might be changing for an EU insurance business operating under EU regulations?
- It's a specific part of their business that they are moving, to deal with international risk and reinsurance. This part of their business is mostly done from the UK, with some specific regulation from their French hub. Irish regulators have stipulated that in order to move the business from the UK, that French oversight will also need to move to Dublin.

It's only a small number of jobs, but to pretend that it has nothing at all to do with Brexit is ludicrous.

(Btw, the toilet cleaners there probably got paid more than me, I was just a junior accountant)

[Whorty]

I should have figured you'd put 2 and 2 together and get 7¾.

Let me join the dots for you:
You suspect that it's more tax-related, and that because their hub was in France they are also moving people from there.
I've simply pointed out that companies have been moving to Ireland for over 20 years.

- If they wanted to move to Ireland for tax purposes, they could have done it at any time over the past 20 years. They've only done it now, pre-Brexit. What do you think might be changing for an EU insurance business operating under EU regulations?
- It's a specific part of their business that they are moving, to deal with international risk and reinsurance. This part of their business is mostly done from the UK, with some specific regulation from their French hub. Irish regulators have stipulated that in order to move the business from the UK, that French oversight will also need to move to Dublin.

It's only a small number of jobs, but to pretend that it has nothing at all to do with Brexit is ludicrous.

(Btw, the toilet cleaners there probably got paid more than me, I was just a junior accountant)

No point trying to apply logic when arguing with the brexit religious fanatics. They've been indoctrinated and can't see past their own prejudices.

[Old Greg]

No point trying to apply logic when arguing with the brexit religious fanatics. They've been indoctrinated and can't see past their own prejudices.

Eventually they will stop denying reality, and start blaming it on the British EUSSR Remeanie collaborators. But in the meantime, it's fun to watch.