8.6 C
New York
Saturday, January 23, 2021
Home Industry Barclays to cut jobs affecting 1,000 employees

Barclays to cut jobs affecting 1,000 employees

Barclays has announced a major staff shake-up affecting more than 1,000 workers including the closure of a site in Leeds. The bank is also set to put a further 340 staff on notice for job cuts or relocation across the country, pushing the total jobs affected to 1,140.

Most of the job cuts at the Leeds processing center are expected to have an impact on technology, operations teams, and some customer service staff.

Related: Deutsche Bank and UniCredit job cuts push global bank-job cull to 75,000 this year

All staff whose jobs are moving have been given the chance to keep their positions, and financial support to help them relocate, Barclays said.

A Barclays spokesman said: “In order to drive collaboration, Barclays is moving teams closer together at our UK sites in Glasgow, Greater Manchester and Northampton; where we are investing in new campuses and office space.

Barclays Strategic Report

“This will enable us to innovate at pace for the customers and clients we serve. We will do everything we can to support colleagues impacted by the changes announced today.”

“The sheer scale of the job cuts announced today by Barclays is alarming,” said Dominic Hook, Unite union national officer. 

Read also: Mastercard to triple technology jobs in Ireland to 2,000!

“The union is working with Barclays to put into place every possible remedy to support the staff in finding suitable alternative employment and offering advice and support to assist colleagues, including redeployment wherever possible.”

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.

Curve raises $95 million as it eyes US expansion

London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.

Challenger bank Revolut applied for UK banking license

Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).