Type
Internal restructuring
Country
United Kingdom
Region
North West; Merseyside;
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

188 jobs
Number of planned job losses
Job loss
Announcement Date
23 June 2009
Employment effect (start)
Foreseen end date

Description

Barclays Bank is to cut 188 jobs from its sites in Moorfields and Wavertree as a measure to improve efficiency. The cuts will affect staff working in the Individual Savings Accounts centres and they were blamed on low demand for services that were now offered online. The company is considering redemployement as a means to implement part of the losses.


Sources

  • 23 June 2009: BBC News

Citation

Eurofound (2009), Barclays, Internal restructuring in United Kingdom, factsheet number 69159, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69159.