Barclays PLC to Cut Over 450 Jobs, Unite Union Says
September 12 2023 - 10:31AM
Dow Jones News
By Ian Walker
Barclays PLC is cutting over 450 jobs, union Unite said Tuesday,
calling on the bank to commit to no compulsory job losses.
"How can a profitable finance organization such as Barclays
slash over 450 staff amid a cost-of-living crisis? This isn't an
organization struggling to survive, this bank is making billions of
pounds of profits," Unite national officer Dominic Hook said.
He said that the union is opposed to the job losses and plans to
meet with Barclays's chief executive to press for a guarantee of no
compulsory job losses at the bank.
Unite said that it is willing to work with the bank to ensure
staff are given retraining and redeployment opportunities.
On July 27, the FTSE 100-listed group reported a net
attributable profit of 1.33 billion pounds ($1.66 billion), up from
GBP1.07 billion and beating market forecasts for GBP1.24
billion.
Barclays wasn't immediately available to comment.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
September 12, 2023 10:16 ET (14:16 GMT)
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