Internal restructuring
United Kingdom
Wales; East Wales; Cardiff and Vale of Glamorgan
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.9 - Other financial service activities, except insurance and pension funding

300 jobs
Number of planned job losses
Job loss
Announcement Date
8 July 2008
Employment effect (start)
Foreseen end date


Home Loans company Firstplus has announced that it is to cut 300 jobs from its Cardiff operations. It currently employs 430 staff at the site. The job losses follow the decision by the company to stop offering new loans from August 9th as a result of reduced demand. The company has said that redeployment opportunities will be sought for staff across the Barclays business. Trade Union Unite has said that it understands that the Firstplus product may not be viable, however it condemns the decision to cut 300 jobs in Cardiff suggesting that work from other parts of Barclays business could be transferred to the site.


  • 8 July 2008: BBC Website


Eurofound (2008), Firstplus, Internal restructuring in United Kingdom, factsheet number 66828, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66828.