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Barclays to implement 422 redundancies

Barclays to implement 422 redundancies

More than 400 professionals in the technology sector are facing redundancy after their employer revealed proposed reforms to certain parts of its business.

Barclays has announced it is to implement "essential changes" to its technology and infrastructure division as it seeks to streamline its operations in the aftermath of the recession and during the ongoing eurozone debt crisis.

Under these alterations, the bank will cut 422 positions in this area of its firm but has pledged to avoid making these compulsory wherever possible and insisted they will be implemented in an "effective and efficient" manner.

However, David Fleming - national officer of the Unite union, which represents some 1.5 million professionals across all sectors - has labelled this decision a "blow" for members of staff across the country.

"The vast majority of jobs will be going from Radbrooke Hall, Cheshire. There will also be jobs cut in Northampton," he stated.

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Posted by Francesca Witney