Barclays

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Cheshire, Northampton, London
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
408 jobs
Number of planned job losses
Job loss
Announcement Date
7 January 2009
Employment effect (start)
Foreseen end date

Description

Barclays bank has announced that it is to cut 408 jobs at sites in Cheshire, Northampton and London. The jobs are based in the company’s IT support function, and 158 permanent and 250 contract staff will be affected. The company is cutting the jobs in order to cut costs by reducing duplication. The company employs 150,000 people worldwide, but it is not known how many are employed in IT support at these three sites. As of 11 January 2009, it has not been announced when these jobs will be cut.

Sources

  • 7 January 2009: The Guardian

Citation

Eurofound (2009), Barclays, Internal restructuring in United Kingdom, factsheet number 67779, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67779.