.

Barclays set to axe 1,100 UK jobs

11th May 2007
By Julia Chan

According to media reports, UK high street banking giant Barclays is to cut approximately 1,100 jobs from its offices based in Poole, Dorset, over the next three years, in a bid to increase efficiency.

Print Article
Email A Friend
Your Comment
Post to del.icio.us
Digg this
News Alerts

Reuters reported that 400 of these jobs will be moved overseas, while 200 positions are expected to be relocated to other UK sites.

The redundancies are being made as the bank automates more of its systems for greater efficiency. For example, check processing will be upgraded to be handled by computers, the Guardian has reported. Other areas which may be affected include IT support and some HR functions.

According to the BBC, the bank currently employs around 1,900 members of staff at its Dorset site.

Media reports claim that the job slashes are unrelated to the bank's proposed takeover of Dutch lender ABN Amro.

YOUR OPINION...
  • Comment on this Article
NEWSLETTER SUBSCRIPTIONS
Sign up to our weekly newsletters for the latest industry news & comment.
 Business Digest
 Distribution News
 Financial Services Digest
 Retail Banking News
 Savings & Investments News

Email Address