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Barclays plans thousands more job cuts

Barclays plans thousands more job cuts

Barclays PLC says it plans to cut up to 2,100 jobs in its retail and commercial banking units, adding to redundancies of the same size in its investment banking arms.
Barclays said Wednesday is has begun discussions with union leaders over the new layoffs and will take "all possible measures" to reduce compulsory redundancies by redeploying staff and releasing contractors.
The bank is already cutting 2,100 jobs in its investment banking, fund management and private banking units in response to the global economic downturn.


Updated : 2020-12-01 16:53 GMT+08:00