Barclays to shed more than 10% of workforce.

PositionINFORM - Brief article

Barclays is planning to cut 19,000 jobs over the next three years, the bank has announced.

About 9,000 of these losses will be in the UK, white the bank's investment arm will lose 7,000 jobs by 2016.

Barclays, whose shareholders backed plans to increase its bonus pool by io per cent to c2.38bn - despite a fall in profits - is also planning to establish a "bad bank" to hold parts of the investment...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT