Barclays Bank is to transfer 460 staff to HCL Technologies as part of an IT infrastructure partnership that will deliver a range of digital services to the bank's 80,000 employees globally.
Under the agreement, HCL will utilise it Dryice platform to create a lean and agile backbone for the bank's business and IT landscape. The vendor will also be providing mainframe services to Barclays.
As part of the deal, Barclays will shutter its operations centre in Lithuania, transferring 460 staff to HCL and offering redundancy packages to remaining employees.
Mariano Andrade Gonzalez, the head of Barclays group operations in Lithuania, says:“We were the first foreign company to establish its service center in Lithuania, leading to other large foreign companies basing themselves here. We are proud to have been a key part of the rise of the IT and service sector, including complex operations management.
“While aiming to achieve the highest quality of business and services, we continuously review our operations in accordance with the long-term global strategy of Barclays. As one of the steps towards the implementation of this strategy, a decision has been made to optimize operations, meaning a number of roles could transfer to HCL Technologies, with whom we have worked closely for a few years."
The contract is expected to be finalised during the first quarter of 2019.