Building society Nationwide earlier this month confirmed it would make no compulsory redundancies during 2020. “This will enable us to innovate at pace for the customers and clients we serve. is taking place, Hindu monks set up Diya lamps at the BAPS Neasden Temple, London, on this morning of Diwali, Dominic Cummings, special advisor for Britain's Prime Minister Boris Johnson leaves 10 Downing Street, A surfer silhouetted against the waves at Tynemouth, near North Shields, {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{message}} {{/verifyErrors}}, Barclays cuts jobs as overhaul affects 1,000 employees across UK, You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. Insiders say the bank put various people in is London investment banking business at risk of redundancy last week. Start your Independent Premium subscription today. Citi opted for an open-ended pause, which is now being lifted. A spokeswoman for Barclays in London declined to comment on the cuts, which are among the first to be implemented by a major investment bank in 2020. Read our full mailing list consent terms here. The announcement comes after HSBC revealed plans to cut 35,000 jobs globally including “meaningful” cuts in the UK. Barclays is to cut 19,000 jobs by 2016, with more than 9,000 to go in the UK, the bank has said. Barclays uses cookies on this website. HSBC, Lloyds and Barclays are expected to make profits of £3.8billion, £631million and £1.5billion respectively in 2020, while state-backed NatWest is tipped to make a loss of £743million. The bank announced last year that its Leeds site would close down after the landlord decided to redevelop it but union bosses criticised the lender on Wednesday for failing to move jobs locally. Barclays Smart Investor is a trading name of Barclays Investment Solutions Limited. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing – both for you and for others. They are stored locally on your computer or mobile device. The boss of banking giant Barclays has warned that staff levels could be cut by around 3,000 this year as job losses in the industry continue to mount. Barclays has said it will cut 3,700 jobs following a strategic review, as it aims to reduce costs by £1.7bn. Barclays is to cut 250 jobs across a number of UK sites and shut down a large office in Leeds as part of an overhaul that will affect around 1,000 staff. People are being urged to stay home on New Year's Eve to prevent the "dire" situation in hospitals from getting worse, Ambulances outside the Royal London Hospital. Barclays has halted new job cuts while the coronavirus is ongoing the bank said in a memo. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. … A strengthened tiered system of restrictions has been introduced, Artic Fox, Flo, investigates a stocking of treats in her enclosure as part of a Christmas enrichment programme at the wildlife conservation charity Wildwood Trust in Herne Bay, Kent, A man carrying a Christmas tree walks past a mural depicting a Saltire design in Leith, Edinburgh on St Andrew's Day, Wolverhampton Wanderers’ Leander Dendoncker warms up before the Premier League match against Arsenal at the Emirates Stadium, London, Police officers wearing a protective face coverings speak with a protester during an anti-lockdown protest against government restrictions designed to control or mitigate the spread of the novel coronavirus, on Regents Street in London, Protesters from Peta animal rights group demonstrates against fox hunting in Westminster, A billboard displays a Manchester City Council message about the city's Covid alert level, Chancellor Rishi Sunak visits the Imperial Clinic Research Facility at Hammersmith Hospital in London, Freight lorries queueing along the M20 in Kent waiting to access the Eurotunnel terminal in Folkestone, A palette of changing colours as the sky lights up before sunrise at St Mary's Lighthouse in Whitley Bay, Tyne and Wear on the North East coast, Daniil Medvedev poses with trophy after winning the singles final during day eight of the ATP Finals at The O2 Arena, London, Members of the public walk through the city centre on the first day of tier four coronavirus restrictions in Stirling, Scotland. Read more: HSBC’s drastic reforms still leave the big questions unanswered. How to kick off the New Year the right way, Coronavirus: Barclays, Lloyds, HSBC and RBS suspend dividends, HSBC’s drastic reforms still leave the big questions unanswered. A career at Barclays is truly unique and there’s no other business quite like Barclays. France has closed its border with the UK for 48 hours over concerns about the new coronavirus variant. Bloomberg reports that Barclays is letting go of around 100 senior people in its investment bank globally, with trimming taking place in London and Asia before end of year results and bonuses are announced in February. They are stored locally on your computer or mobile device. Some had been at Barclays … Home ... 2020 review: 10 largest bank job cuts this year Denmark to join Eurosystem's Target2 payment platform. HSBC last month said it was halting the vast majority of a planned 35,000 job cuts during the coronavirus crisis. by Daniel Davies 18 November 2020 In the current environment it’s often uncertain whether any announcement of job cuts represents a new round, an already announced round, the resumption of a program that was put on hold due to the pandemic, or just business-as-usual cuts with no implications for overall redundancies. It is the latest example of banks looking after their employees during the pandemic. Barclays Investment Solutions Limited is a member of the London Stock Exchange & NEX. “The sheer scale of the job cuts announced today by Barclays is alarming,” said Dominic Hook, Unite union national officer. The event was held to raise money for the Age UK charity and involved participants from an open water swimming club, The sun sets behind the Palace of Westminster, the home of the Houses of Parliament in central London, The finishing touches are put to a 40ft Christmas Tree at Somerset House in London, A swimmer takes to the water at Serpentine Swimming Club after the second national lockdown ends in England. Barclays Jobs in Glasgow - December 2020 | Indeed.co.uk Skip to Job Postings , Search Close “The decision to close the major Barclays site in Leeds will be devastating for the workforce and the local community. Barclays announces profits of £246m after deductions, and says it will cut 3,700 jobs following a strategic review, in an effort to reduce its costs by £1.7bn. Closed its border with the remainder moved to other sites in Leeds will be cut with the for! 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