Jobs at risk at global financial company with hundreds of staff in Edinburgh

The financial firm has offices across the UK including in locations such London, Liverpool and Manchester.

Jobs at risk at global financial firm BNY Mellon with hundreds of staff in EdinburghGoogle Maps

Hundreds of people could lose their jobs at a global financial company with an office in Edinburgh.

BNY Mellon, headquartered in New York, employs around 400 staff at Capital House in Festival Square and is planning consultations on redundancies.

The financial firm has offices across the UK including in London, Liverpool and Manchester.

It comes after the company announced its office in Wexford, Ireland, is closing with hundreds of staff affected.

BNY said it is evaluating the “scale of its operations” in the Scottish capital.

A spokesperson said: “We continually evaluate our real estate footprint to ensure we are operating efficiently.

“We are currently evaluating the scale of our operations at our Capital House site in Edinburgh.

“We remain committed to serving our clients and relationships in Scotland and internationally.

“We will not be commenting during the employee collective consultation process.”

The Capital House building was put up for sale last year by owner Federated Hermes for around £13m.

Dr Scott Arthur, Labour MP for Edinburgh South West said: “This is a deeply concerning start to 2025 for these workers, especially given that BNY Mellon recently reported strong fourth-quarter earnings.

“My office is actively seeking a meeting with BNY Mellon to gain a comprehensive understanding of these proposed job cuts.

“We will be pressing for details on the scale of the reductions and exploring all possible avenues to prevent them from proceeding.”

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