Article / Employee Benefits
How are U.S. multinationals preparing for Brexit?

Since the June 2016 referendum in which British citizens voted to exit the European Union (EU), significant uncertainty about the United Kingdom’s future relations with the EU has made it largely impossible for multinational companies to plan for the impact that Brexit may have on their European businesses, regional talent strategy and associated employee benefit plans. No one doubts that there will be consequences, but the nature and severity of those consequences are tied to still nebulous possibilities, like whether there will be a “hard” or “soft ”exit and whether new trade negotiations critical to ensuring the continued free fl ow of goods, services and people can even begin prior to the remaining 27 member nations approving terms of the separation, which is formally scheduled
for March 2019.

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