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
237 jobs Number of planned job losses
Announcement Date
2 March 2013
Employment effect (start)
30 April 2013
Foreseen end date
Description
Barclays bank is to cut 237 jobs in Italy (out of 1,350). The job-cuts will affect the retail business banking and the corporate banking areas, with the closure of 70 branches. According to the company, the job-cuts are due to the recent negative results of the Italian branch.
The trade unions have criticized the company’s decision, requiring more details on the new business plan.
This plan is implemented in the context of a worldwide restructuring affecting 3,700 jobs in France, Spain, Italy and Portugal (see here).
For previous restructuring events regarding Barclays bank in Italy please see here.
Sources
2 March 2013: Il Sole 24 Ore
Citation
Eurofound (2013), Barclays, Internal restructuring in Italy, factsheet number 75073, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75073.
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