Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

140 jobs
Number of planned job losses
Job loss
Announcement Date
25 August 2011
Employment effect (start)
Foreseen end date

Description

BARCLAYS is cutting 140 jobs in its corporate business arm as part of the bank's plan to slash costs and improve efficiencies. The main areas affected by the cuts are Birmingham, London, Poole and Reading.

As of 29 August 2011 no date has been given for the implementation of the cuts.


Sources

  • 26 August 2011: The Scotsman

Citation

Eurofound (2011), Barclays, Internal restructuring in United Kingdom, factsheet number 72305, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72305.