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.
Financial / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64.1 - Monetary intermediation 64.19 - Other monetary intermediation
140 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/72305.