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Barclays job cuts hit 450 with call centre closure

by Alex Steger on Nov 06, 2013 at 09:59

Barclays job cuts hit 450 with call centre closure

Barclays is to cut further jobs, following the restructure of its private banking arm where 100 bankers will be axed, with 350 roles to go as it closes a call centre.

Earlier this week Citywire reported that Barclays was to cut 100 private banker roles as part of a restructure of its wealth division announced by its chief executive Peter Horrell in September.

There will be just 180 private bankers in the division, down from 275, as the bank looks to offer a lighter touch service to clients with less than £500,000.

A further 350 roles are expected to be cut as the bank closes a call centre in Coventry next year, according to Reuters.

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How is regulation feeding the outsourcing trend?

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