Barclays to restructure 450 jobs, employee union sees heavy layoffs

LONDON (Reuters) – British banking giant Barclays (LON:BARC) is restructuring around 450 jobs, it said , in a move employee union Unite said would result in large numbers of redundancies throughout the UK midlands.

The union said the loan originator had informed staff at its Coventry Westwood Park and Birmingham Snowhill sites their own jobs were at an increased risk.

Further job losses will impact other Barclays sites in locations including Canary Wharf in London, the union said.

A Barclays spokesman said 400 with the staff affected will be offered jobs in new locations including Glasgow, Northampton and Manchester, together with the lender expecting 50 roles to look.

British banks made heavy job cuts these days as they simply have sought to slash costs reacting to pressure on profits and more customers banking online.

The move adheres to Barclays stated it was weighing axing or relocating 280 staff coming from a contact center in Leeds recording.