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Barclays Cuts Glasgow Jobs

14 Oct 2011 12:00 AM | Anonymous

Barclays Bank has told staff it is cutting 65 jobs in Glasgow as it ships the work offshore to India.

The company has launched a consultation process, which will last up to three months, on the cuts after deciding it could reduce costs and gain greater flexibility to handle the peaks and troughs of demand by splitting the work between an in-house operation and a third-party supplier, both based in Chennai.

After redeploying some staff elsewhere in the company, it is expected that Barclays will make between 35 and 50 people redundant.

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