Barclays shedding 19000 jobs

By : Administrator
Published 8th May 2014

Blimey I thought we had seen the last of the big banking restructures, obviously not:

Barclays to cut 19,000 jobs over three years - BBC News

"Barclays is to cut 19,000 jobs by 2016, with about 10,000 to go in the UK, the bank has said.

As part of a new strategy, the investment part of the bank will lose about 7,000 jobs by the end of 2016.

Barclays' investment bank has been hit by a slowdown in the demand for government and company debt.."

I see in the same article there is talk of closing 400 branches in the near future. Poor old high street gets hit again...


Steve Richardson
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