Barclays Partner Finance

Type
Business expansion
Country
United Kingdom
Region
Wales; South East Wales; Cardiff and Vale of Glamorgan
Location of affected unit(s)
Pentwyn, Cardiff
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.9 - Other financial service activities, except insurance and pension funding
64.91 - Financial leasing
250 jobs
Number of planned job creations
Job creation
Announcement Date
23 March 2010
Employment effect (start)
23 March 2010
Foreseen end date
1 October 2010

Description

Barclaycard are to recruit around 250 jobs in Cardiff by the end of the summer 2010, as they are transferred from the Glasgow lending unit, which is to shut. While the jobs are officially being transferred, it is expected that few people will want to relocate from Scotland, so most positions will be recruited locally. The new jobs will for Barclay's Partner Finance, which provides personal loans through third parties. Steve Pantak from the union Unite said although the transfer was a blow to Glasgow, it was "clearly good news" for Cardiff. No figures were given for the number currently employed by the company.

Sources

  • 23 March 2010: BBC Website

Citation

Eurofound (2010), Barclays Partner Finance, Business expansion in United Kingdom, factsheet number 70495, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70495.