Type
Outsourcing
Country
United Kingdom
Region
Location of affected unit(s)
Cardiff, North London
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

109 - 165 jobs
Number of planned job losses
Job loss
Announcement Date
8 December 2008
Employment effect (start)
1 March 2009
Foreseen end date
1 September 2009

Description

Barclays bank is to cut 109 to 165 jobs at its site in Cardiff. The bank will outsource its operations to a third-party supplier in Warwickshire. The job losses will take effect from Spring 2009 and will be implemented by September 2009. It is likely that a further 56 jobs will be lost at the bank's offices in North London.


Sources

  • 8 December 2008: BBC News

Citation

Eurofound (2008), Barclays, Outsourcing in United Kingdom, factsheet number 67633, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67633.