Barclays Slashing 1,100 People in UK

Barclays Slashing 1,100 People in UK
Barclays Bank is cutting 1,100 permanent employees, along with 400 contract workers and 200 temporary staff over the next three years at its offices in Poole, Dorset as part of an efficiency drive. It currently employs 2,500 people with 1,900 regular staff at the site, which handles back office functions such as payment processing and IT support.

Barclays which employs 123,000 people worldwide hoped to reduce costs by automating tasks.

Of late, bank is under consideration for taking over ABN Amro. However, the bank made it clear that proposed reduction of people is uncorrelation to the current takeover plans, which may yet receive a competing formal offer by a Royal Bank of Scotland-led consortium. If Barclays does succeed in taking over the Dutch bank, then the bank can slash 23,600 jobs from the combined operations around the world.

News of the planned job losses from Poole sparked concern among unions, leader of Poole Borough Council, Brian Leverett said

We are saddened to hear of job losses and will offer as much support as possible to staff. The losses will affect the town in some areas but we will be doing everything in our power to counter that

Via: bbc

Posted by: Rahulbhandari    Source