Energy Traders May Seek New Address in Fallout From Trump Ban
By Alex Nussbaum
(Bloomberg) -- Donald Trump’s immigration crackdown may
have an unintended consequence for energy and commodities firms,
according to one employment specialist: making the companies
think twice about basing new jobs in the U.S.
Concerns about the difficulty of gaining entry for non-U.S.
citizens may prompt trading firms and other businesses to place
new workers elsewhere, said [George Stein] (http://commoditytalent.com/About-us.php),
managing director of New York-based recruiting firm Commodity Talent LLC.
Stein said he’d already seen at least one sign of fallout
on Monday, with an “international oil company" reconsidering
whether to post a new crude trader in Houston because of worries
about potential difficulties obtaining a visa. The firm may now
put the job in Latin America, Stein said in a telephone
interview. He declined to name the company but said it was one
of his clients.
“A number of our clients have offices not only in the U.S.
but outside the borders," Stein said. “They will be able to meet
their hiring needs if a non-U.S. citizen is the best choice by
installing them in London or Singapore or Sao Paulo or Calgary,
for example.”
[See http://bit.ly/2jz7J5K]
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