Barclays

Type
Reshoring
Country
United Kingdom
Reshoring from
Reshored business function
IT
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.1 - Monetary intermediation
No information on job gains number available
Announcement Date
23 April 2018
Employment effect (start)
Foreseen end date

Description

The British bank Barclays is dismissing 285 of the 1,100 employees currently working in the strategic centre for technologies and services in Lithuania (Vilnius). The company is reconsidering its activity worldwide, and will relocate 244 of the 285 jobs in UK and other non-EU countries.    

Sources

Citation

Eurofound (2018), Barclays, Reshoring in United Kingdom, factsheet number 71, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71.