Restructuring events
European Restructuring Monitor (ERM)
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.
Barclaycard has confirmed that it is to close a Glasgow office with the loss of about 350 jobs, following a 3 month consultation period with employees and other parties. Staff will be offered transfers to other parts of the group throughout the UK. Loan Centre Barclays Partner Finance is expected to close its Glasgow office by the end of Summer 2010, with most of its work being transferred to Barclaycard's secured loans business in Cardiff. The company has said that with the creation of jobs in other areas the net loss would be about 50 jobs across the group, and has promised a 'comprehensive package of advice and support' to all affected staff.
Update 23.03.10
Around 250 jobs are being moved from Glasgow to Pentwyn, Cardiff. Although the jobs are officially being transferred it is expected that few people will move from Scotland and most of the positions will be recruited locally in Wales; recruitment has already begun, with people expected to be in post by the end of the summer. The positions will still come under the division of Barclays Partner Finance.
Eurofound (2010), Barclays Partner Finance, Relocation in United Kingdom, factsheet number 70310, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70310.