Barclays

Type
Internal restructuring
Country
United Kingdom
Region
London; Inner London - East;
Location of affected unit(s)
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
225 jobs
Number of planned job losses
Job loss
Announcement Date
3 May 2005
Employment effect (start)
Foreseen end date

Description

Barclays bank has announced a shake up of its 900-strong personnel department. One in four of the staff are to be made redundant in an effort to cut costs and align staff more closely with the businesses that they support.

Sources

  • 4 May 2005: The Guardian

Citation

Eurofound (2005), Barclays, Internal restructuring in United Kingdom, factsheet number 61517, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61517.