Barclays bank to cut 1,700 jobs in BritainNovember 14, 2013 @ 11:47 am
LONDON (AP) - Barclays bank plans to cut 1,700 jobs from its network of British branches, about 5 percent of the total workforce.
Britain's second-largest bank says it is seeking to make the cuts through voluntary buy-outs. It currently employs 33,600 people at 1,577 branches in Britain.
Barclays said "the way in which our customers access their banking services is changing rapidly," with people using computers and smartphones for everyday banking and paying fewer visits to branches.
The bank said in a statement Thursday that "as a result of technological changes, we will be able to provide better service for our customers with fewer staff."
The Unite trade union called the job cuts among cashiers, branch managers and other staff "a colossal mistake."
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Jason Rantz says everyone needs to be mindful on the road, even pedestrians
Wilson & Kaepernick share this week's SI cover, so we decided to compare their offseasons
Boeing on the Field
Boeing brings its aerospace innovation to players on the football field
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.