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.
North East; Northumberland and Tyne and Wear; Sunderland
Location of affected unit(s)
Sunderland
Sector
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
200 jobs Number of planned job creations
Announcement Date
9 April 2015
Employment effect (start)
Foreseen end date
Description
International banking group Barclays has announced that it is to create 200 new jobs at its site in Sunderland. The company employs around 1,500 at the Doxford Business Park, where it has been operating for 16 years. The new jobs are being created as Barclays seeks to establish the first 'centre of excellence' for detecting fraudulent transactions. A spokesperson for the company noted that attempts at fraud were increasing with the diversity of banking platforms which now exist and the new jobs have been put in place to detect this activity. It is not yet known when these positions will be filled.
Sources
9 April 2015: BBC Website
Citation
Eurofound (2015), Barclays, Business expansion in United Kingdom, factsheet number 79367, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79367.
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