Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

117 jobs
Number of planned job losses
Job loss
Announcement Date
29 April 2011
Employment effect (start)
Foreseen end date
1 June 2012


Barclays, one of the world's leading banks, is to cut 170 jobs by the end of 2012. According to the bank, the reorganisation plan aims to improve and strengthen its business in Italy. In Italy Barclays has around 1,800 employees.

After some months of negotiations, Barclays and the main sectoral trade unions reached an agreement on the job-cuts. The agreement envisages 92 job-cuts rather than 170 (during the last months, 25 workers have voluntary resigned). Moreover, the agreement provides for the recourse to the sectoral "solidarity fund" and economic incentives for the redundant workers.


  • 29 April 2011: Il corriere della sera
  • 14 June 2011: Il Sole 24 Ore


Eurofound (2011), Barclays, Internal restructuring in Italy, factsheet number 71921, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71921.