Redundancies at Barclays Bank

The news today reports that Barclays Bank have ‘taken the axe’ to its controversial investment banking division, and have said it would sack thousands of highly-paid bankers.

A total of 7,000 jobs will apparently go in its investment division, including more than 2,000 in the UK, which “marks the end of an era for the high-stakes casino banking which defined the financial crisis”.

It is reported that plan will cut a total of 19,000 jobs around the world by 2016, including the demise of its European chain of high street banks in Portugal, Spain, Italy and France.

This dramatic shake-up comes after the Banks profits fell earlier this year – at the same time it came under fire for raising bonuses by 10 per cent.



Chelmsford Office
78 New London Road
Tel: 01245 216 888


At Archers we aim to make our service as accessible as possible to all our clients and always give the best advice we can. Please feel free to contact us online, by phone or by post.

We aim to answer all enquiries as soon as possible but, if your matter requires urgent attention, we would encourage you to call us directly.

8 + 13 =