Barclays Layoffs Job Cut: may fire 700 UK employees

The news is not good for the employees of the Barclays Corporation, the major banking organizations, as the organization may be going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Barclays Organization, which may be going for layoffs.
How many employees may be fired in the Barclays layoffs?
As per the reports, there can be around 700 layoffs by Barclays. Out of this, around 50% or 350 are new job cuts while the rest are what was announced last year as a part of 1800 job cuts.

What is the total no. of employees of Barclays?
The total no. of employees of Barclays is not known as of now.

What will be the cost and savings by Barclays layoffs?
No info about the savings to be made.

When will the Barclays layoffs happen?
The layoffs are going to be done in phases through the year end.

Which locations and department of employees will be affected by the Barclays layoffs ?
All job cuts will be in UK. It will be the IT staff that will face the axe. These jobs are reported to be shifted to low cost countries like Hungry, India and Singapore.

What is the primary reasons for Barclays layoffs?
Cost Cutting and relocation of jobs to lost cosst countries.

Any other news about Barclays layoffs
As per CIO, A separate 4,200 job cuts are taking place in investment banking, wealth management and retail banking, outside of the GISD division, but expected to affect back office staff extensively.
Let's hope that alternative jobs are available to the affected employees of Barclays Layoffs Job Cut

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Barclays Layoffs Job Cut: fires 100 employees at Cardiff

One of the financial companies of the world, Barclays learnt to go for a round of layoffs or job cuts. Since the entire global markets and businesses are suffering from the downturn, this financial company also seeems to be affected. However, what might turn out to be irritating for the laid off employees is the fact that this move by Barclays is for outsourcing the jobs to a low cost center like India (or others), where Barclays offshore center is in Pune, India.

How many employees will be fired in Barclays Layoffs Job Cut
Around 109 employees will loose their jobs in the Barclays layoffs.

Which location will the Barclays Layoffs Job Cut happen?
The layoffs will happen at Welsh capital, Cardiff, UK.

Which business segment will be affected by the Barclays Layoffs Job Cut
The affected division is the one which handles the accounts of deceased customers.

The move was greeted with dismay by the banking sector union Unite, which said it had grave concerns about outsourcing such a sensitive function.

Where will the jobs be transferred or outsourced after the Barclays Layoffs Job Cut
The jobs will be transferred to a third party outsourcer based in Warwickshire beginning in Easter 2009.

As per the news, The latest move is a double blow for the Cardiff City workforce, following Barclays' decision in July to shutter its Firstplus loans operation with the loss of 300 jobs.

Let's hope that alternative jobs are available to the affected employees of Barclays Layoffs Job Cut.

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