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 64.91 - Financial leasing
250 jobs Number of planned job creations
Announcement Date
23 March 2010
Employment effect (start)
23 March 2010
Foreseen end date
1 October 2010
Description
Barclaycard are to recruit around 250 jobs in Cardiff by the end of the summer 2010, as they are transferred from the Glasgow lending unit, which is to shut. While the jobs are officially being transferred, it is expected that few people will want to relocate from Scotland, so most positions will be recruited locally. The new jobs will for Barclay's Partner Finance, which provides personal loans through third parties. Steve Pantak from the union Unite said although the transfer was a blow to Glasgow, it was "clearly good news" for Cardiff. No figures were given for the number currently employed by the company.
Sources
23 March 2010: BBC Website
Citation
Eurofound (2010), Barclays Partner Finance, Business expansion in United Kingdom, factsheet number 70495, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70495.
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