Barclays

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Europe, Asia, United States
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
3,700 jobs
Number of planned job losses
Job loss
Announcement Date
12 February 2013
Employment effect (start)
23 January 2013
Foreseen end date

Description

British financial services provider Barclays announced to cut 3,700 jobs worldwide. The bank will cut up to 1,800 jobs at its investment bank branch and 1,900 jobs in retail and business banking. The jobs in retail and business banking will be lost in continental Europe, while the investment bank losses will take place in Europe, Asia and the United States.

Barclays current employs some 140,000 people worldwide. It is not yet clear when the restructuring will be implemented by.

Sources

  • 22 January 2013: Financial Times
  • 12 February 2013: BBC News

Citation

Eurofound (2013), Barclays, Internal restructuring in World, factsheet number 74809, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74809.