There are fears up to 190 jobs from American Express’s headquarters in Brighton could be lost to India or Argentina.
With 2,900 members of staff the company is one of the city’s largest employers and it has recently invested heavily in expanding its base in Brighton.
However, it is consulting staff on plans to redeploy its non-customer facing roles to India or Argentina.
A decision is likely to be taken in June following a three month consultation.
A statement from American Express, quoted by the BBC, said: “American Express is currently consulting with employees on a proposal to migrate certain non-customer facing activities presently undertaken by particular teams within the company’s operations centre in Brighton.”
However, it added: “Brighton continues to be an important part of our global network and we remain committed to the city. Indeed, we are currently building a new European operations centre in the city and we recently completed the transfer of more than 150 jobs from Madrid to Brighton.”