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29/01/2014
Barclays To Close Branches And Loss Staff In Cost-Saving Measures
Some 400 branches of Barclays bank are to be closed with the loss of hundreds of jobs.
The bank has announced plans to restructure part of the business, within which it is expected to replace hundreds of branches with smaller outlets in Asda supermarkets.
The news of further job cuts follow 3,700 layoffs in 2013.
Chief Executive Antony Jenkins is expected to publish a new five-year financial target next month.
It is understood that Mr Jenkins plans to cut £1.7bn from the banks annual expenses.
(MH/CD)
The bank has announced plans to restructure part of the business, within which it is expected to replace hundreds of branches with smaller outlets in Asda supermarkets.
The news of further job cuts follow 3,700 layoffs in 2013.
Chief Executive Antony Jenkins is expected to publish a new five-year financial target next month.
It is understood that Mr Jenkins plans to cut £1.7bn from the banks annual expenses.
(MH/CD)
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