Internal restructuring
United Kingdom
Yorkshire and the Humber; West Yorkshire; Leeds
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

280 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2019
Employment effect (start)
Foreseen end date
30 June 2019


Barclays has announced plans to cut jobs from its operations in Leeds. The site, in the suburb of Beeston, is due for closure in November 2021 and currently employs around 1,100 staff who deal with mortgages, lending and complaints. Staff have now been informed that 280 jobs will be cut and of those, 115 positions will be relocated to Manchester, Liverpool and Sunderland. The redundancies are subject to the statutory period of consultation where alternatives to redundancy will be explored. However, reports suggest that the restructure is expected to be completed by the end of June 2019. Trade union Unite opposed the redundancies and called for the bank to reconsider.

Previous restructuring took place in 2018, when 171 jobs were lost.



Eurofound (2019), Barclays, Internal restructuring in United Kingdom, factsheet number 96671, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96671.