Barclays Announce 7,000 UK Job Cuts

Barclays Bank have announced plans to cut up to 12,000 jobs, including 7,000 in the UK.

Around half of the staff to be affected by the cuts have been informed, the bank have said.

The new round of cuts follow 7,650 job loses last year, with the bank saying that 820 senior managers will be cut along with 220 managing directors and 600 directors.

The bank have said that is hopes to achieve the cuts voluntarily.


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