Unite, the UK's largest trade union, has today (Tuesday 8th July) condemned the announcement by Barclays that they are to cut around 304 jobs in Cardiff, Wales.
The announcement is the result of the decision to withdraw the 'First Plus' product from the market.
Graham Goddard, Unite Deputy General Secretary said: "Unite are incensed by the decision by Barclays to cut around 304 highly trained staff. Whilst the union understand that the market conditions mean that the 'First Plus' product is no-longer viable, we whole heartedly condemn the decision to run down the Cardiff site.
"Unite are arguing that Barclays should replace the 300 jobs lost with work from other parts of the Bank. Barclays has few large centres in Wales compared to other large banks, which makes this decision all the more regretful. We are calling on Barclays to reconsider and replace these jobs in Cardiff."
Unite has already secured agreement from Barclays to seek alternative employment for those who wish to remain employed in the bank, although these options are likely to be limited. Unite has also reached an agreement for enhanced notice and redundancy payments for those being made redundant.