The banking giant is relocating 400 posts to Glasgow, Greater Manchester and Northampton. The Chancellor George Osborne says it's "regrettable" that Barclays are cutting 7,000 jobs in the UK. A spokesman for Barclays would not comment on whether the revamp would result in job losses but Reuters, which first reported the restructuring, said that some cuts are expected. Close. Barclays to restructure 460 UK jobs and cut more than 50 roles. Unite, which represent staff at Barclays, has today (April 9) expressed dismay at the news of approximately 460 job losses at the bank. Barclays has informed staff in Coventry Westwood Park and Birmingham Snowhill that their jobs are at risk. Just over 200 jobs are being moved out of Cardiff by the banking firm Barclays. Existing insurance and pensions policies will be honoured but new business will be diverted to Legal & General. Unite challenges bank as it cuts hundreds of staff. On 17 Jan 2001 in Latest News. Hundreds of workers could lose their jobs if the proposed merger between banking giant Barclays and ABN Amro goes ahead, it was reported today. The Barclays Coventry workforce has already faced a large number of job losses in recent years. Further job losses will impact other Barclays sites in locations including Canary Wharf in London, the union said. The bank has informed some 300 staff at its Millshaw site in Leeds that they will lose their jobs.. Unite has expressed anger to the bank as it informs staff that the Leeds site will cl ose in 2021 causing devastation.. Barclays is to lose 750 jobs following the announcement that it is to close its life insurance division. Barclays has halted new job cuts while the coronavirus is ongoing the bank said in a memo. The boss of banking giant Barclays said today that staff levels could be cut by around 3,000 this year as job losses in the industry continue to mount. Barclays is set to announce a fresh wave of job losses in its investment arm - and that is unlikely to be the end of it. Unite, which represents staff across Barclays Bank, has called on the company to halt the job loss plans announced today in Cardiff and Coventry. But not all will get a job. Barclays could be looking to cut up to 350 jobs in the West Midlands, unions have warned. Barclays has announced that 234 jobs at its Westwood Business Park site in Coventry are to go as part of a massive relocation programme. Portia Crowe. Barclays is to cut 7,000 jobs from its investment banking division by 2016. Tech better placed to avoid job losses. Britain's scandal-hit Barclays bank is expected on Thursday to announce 20,000 job losses over the next three years in a major shake-up of its investment division. Barclays Bank job losses: George Osborne interview; ENGLAND: North West: INT George Osborne MP (Chancellor of the Exchequer) interview SOT - On Barclays job losses at investment bank / regrettable / want banks to support British economy / Pfizer takeover bid for AstraZeneca / European elections / referendum on EU / only Conservatives can offer real change in Europe Unite the union, which represents staff at Barclays has vowed to fight job cut plans announced by Barclays today (22 January). BARCLAYS announced thousands more job cuts this morning as it unveiled plans for a new "bad bank" to house much of its investment bank and continental European retail operations. Barclays Bank announces job losses; George Osborne MP interview SOT - Barclays is seeking to build a bank focused on its customers and of course that means changes - any job loss is regrettable Get premium, high resolution news photos at Getty Images Ben Woods Published: 9:52 AM March 1, 2016 Updated: 4:09 PM October 11, 2020. PUBLISHED: 08:58 08 May 2014 | UPDATED: 08:58 08 May 2014 John-Paul Ford Rojas, Press Association City Staff Leeds office to close down with many staff told they can keep their jobs – if they move to Sunderland or Manchester Britain's scandal-hit Barclays bank is expected on Thursday to announce 20,000 job losses over the next three years in a major shake-up of its investment division, according to media reports. Barclays has halted new job cuts while the coronavirus crisis is ongoing, the bank said in an internal memo seen by Reuters on Tuesday. ... Unite's national officer, said that the job losses are “extremely alarming” and will be “a huge blow for the workforce”. Layoffs in response to the economic downturn caused by the Covid-19 coronavirus are either expected or have begun happening at 44% of companies, according to a survey conducted by Verdict. person. ... Barclays claims 7,000 job losses will improve service. Barclays' bizarre claim as it axes 7,000 UK jobs. As is quite common in fintech, neither firm gave any thought to the implications of job losses. The job cuts at Barclays are part of the bank’s goal to reduce its cost base by £1.7bn to £16.8bn in 2015, by which time it aims for its return on equity (RoE) to exceed its cost of equity, which it expects to maintain at 11.5% and were revealed as part of its results announcement earlier today which showed a reduced profit of £246m this year versus £5.9bn last year. Barclays cuts jobs as overhaul affects 1,000 employees across UK. Barclays Bank announces more job losses. Barclays job losses in Cardiff 'devastating' says union. Unite is alarmed that 350 jobs will be lost from these two large sites in the West Midlands. Barclays job losses. The agreement with HCL “forms the basis of the Barclays’ decision to conclude its operations in Lithuania, with remaining employees being offered redundancy”. Barclays Bank announces job losses; 1980s footage Traders drinking champagne in city bar and city workers drinking in wine bar Get premium, high resolution news photos at Getty Images More than half of overall losses will be in UK as part of shakeup by boss Antony Jenkins, including creation of a 'bad bank' The jobs will go from the bank’s base on the Westwood Business Park. Barclays warns of further job losses amid restructuring as annual profits fall 2%. And neither firm specified how many job cuts there are. 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