Merkel to change German laws so banks can SACK staff to lure Londonbased businesses

The proposed change to the current regulations is intended as a sweeter for global banks who are considering moving the staff from their London home to the continent but may have reservations over Germany’s the strict laws governing employment.

The move would apply to those earning more than £215,000 (€250,000) in the banking sector and would make it easier for those companies to dismiss staff.

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