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
800 jobs Number of planned job losses
1,000 jobs Number of planned job creations
Announcement Date
7 June 2004
Employment effect (start)
Foreseen end date
31 December 2004
Description
Barclays, Britain's third biggest bank, is set to hire 1,000 more 'customer facing' branch staff in an effort to improve customer service. At the same time 800 middle management and support jobs will be lost. These posts are in predominantly well-paid areas such as human resources, IT, strategy and finance. There will also be some reduction in support staff.
Barclay's UK banking division employs about 45,000 people and will try to redeploy some of the 800 back-office staff losing their jobs. Barclays has more than 2,000 branches in the UK, with 26,000 people employed at offices, call centres and on the high street.
Sources
7 June 2004: The Guardian
7 June 2004: The Financial Times
Citation
Eurofound (2004), Barclays, Internal restructuring in United Kingdom, factsheet number 60378, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60378.
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