We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

1,100 go in Barclays restructuring plan

IT support staff included in job cuts

Barclays bank is set to cut 1,100 jobs including IT support staff and payment processing posts as it automates check handling processes.

The bank is in the middle of a reorganisation of its operations that includes a review its IT systems. It is moving to standardise its infrastructure and platforms, following a rationalisation of its contracts with suppliers last year.

Barclays is also seeking to buy Dutch bank ABN Amro - a move that if it goes ahead, will require a major IT integration project and is expected to result in 23,600 being either axed or offshored to produce efficiency gains from the merged organisation.

But a spokesperson said the current job losses affecting the bank's headquarters in Poole, Dorset, were unrelated to the ABN Amro bid.

Barclays has not yet decided exactly how many jobs will go, as the restructuring initiatives will not be completed for another three years, but it is expecting that around 1,100 permanent posts would be affected.

Jobs in Barclay's global payments processing unit are set to be among those axed as the bank introduces an automated scanning system to replace manual data entry for check payments, the spokesperson said.

IT support posts were also set to be cut, but the spokesperson added: "Some of those roles are being moved to other areas of the UK and some are being offshored."


IDG UK Sites

Spotify launches on PS4 as Tidal arrives on Sonos: It's Tidal vs Spotify music streaming

IDG UK Sites

It's World Backup Day 2015! Don't wait another minute: back up now

IDG UK Sites

Adobe Comp CC iPad app review

IDG UK Sites

April Fool's Day pranks: play these geeky pranks on April Fools Day and fool your friends