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Saturday 16 November 2013

Barclays warned of 'colossal mistake' with plan to cut 1,700 branch jobs

From The Guardian

“Unions urge bank boss to reconsider latest planned cuts to retail division as it rethinks shape and scale of network of branches.

Unions attacked Barclays on Thursday night for making a "colossal mistake" in axing 1,700 jobs from its branch network as the bank automates services and cuts costs.

Officials from Unite said the latest cuts – which the bank insisted would be voluntary – came on top of a warning to staff in Coventry and Dartford last week that 600 roles could go.

The latest cuts are taking place in the retail division – which Antony Jenkins ran until his promotion to chief executive in the wake of the Libor rigging scandal – which employs 33,600 staff across the UK.”

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