19 August 2017
visit www.avoka.com

Barclays axes back office jobs in retail banking shake-up

28 June 2006  |  7456 views  |  0 Barclays

Barclays is cutting 1200 back office jobs over the next 18 months as part of a restructuring of its retail banking operations in the UK.

Under plans to streamline the back office processing of Barclays and its mortgage-lending division Woolwich, the bank says three sites in Kent, Essex and the West Midlands will close at the end of 2007.

These sites have a combined workforce of 1203, but Barclays says it expects the total number of redundancies to be "significantly" lower than this due to staff turnover and re-deployment. But the bank did not disclose exactly how many jobs would be lost.

Barclays says the workforce at its UK retail banking division will remain at about 32,000.

Under the 18-month restructuring, the bank will also re-brand branches of its mortgage-lending division Woolwich as Barclays.

Furthermore, Woolwich and Barclays branches that are within 300 metres of each other, representing about 10% of the network, will be consolidated into a single site. Staff from consolidated branches will move into the retained and refurbished premises, which will be fitted with additional tills and new counter technology.

By the end of 2007, Woolwich systems and technology will have been migrated onto Barclays' upgraded operating platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclays retail shake-up to involve consolidation and offshoring - FT

Barclays retail shake-up to involve consolidation and offshoring - FT

12 June 2006  |  7907 views  |  0 comments
Barclays introduces online account opening

Barclays introduces online account opening

07 April 2006  |  8851 views  |  0 comments
Document outsourcing saves Woolwich £2 million a year

Document outsourcing saves Woolwich £2 million a year

24 September 2003  |  3886 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8519 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7612 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6769 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6296 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6133 views comments | 11 tweets | 9 linkedin