The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
New offshoring locations
140 jobs Number of planned job losses
Announcement Date
14 July 2005
Employment effect (start)
Foreseen end date
Description
Barclays Bank is to move its in-house technical support centre from Cheshire to India, in a move which could see 140 staff lose their jobs. At present if staff have technical problems, they contact the company's Servicepoint help centre, in Knutsford. In October 2004, Barclays set up a joint venture with Indian firm HDFC to create a company in Mumbai called Intelenet, which will now deal with problems. The company said that whilst it 'cannot provide new jobs for everyone, there will also be the opportunity for people to go to India to help training staff there.' The Amicus union said the business case for moving jobs offshore was weakening. 'There is growing evidence that the case for offshoring has failed', said a spokesman for the union, which has been at the forefront of campaigns to prevent more finance jobs being moved to India.
Sources
14 July 2005: BBC News
Citation
Eurofound (2005), Barclays, Offshoring/Delocalisation in United Kingdom, factsheet number 61937, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61937.
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