Barclays to lay off 275 employees at NYC offices

February 6, 2013 @ 5:43 pm

NEW YORK (AP) - Barclays Capital says it plans to lay off 275 employees at three offices in New York.

The investment bank disclosed the plans Wednesday to the Department of Labor, which posted the details on its website.

Barclays says the layoffs will take place during a 14-day period beginning May 15.

The company listed economic factors as the reason for the layoffs.

The federal Worker Adjustment and Retraining Notification Act requires employers of companies with 100 workers or more to provide notice 60 days in advance of a plant closing or mass layoffs.

Barclays Capital is the investment banking division of British lender Barclays PLC.

In October, Barclays PLC reported a net loss of 200 million pounds ($322 million) for the third quarter.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
More Money News
Top Stories

  • Otherworldly
    Amazon has new plans for huge biospheres on its new campus

  • One
    Microsoft calls its new Xbox 'truly intelligent TV'

  • Skillet Spreads
    Seattle's Skillet Street Food and its creator are growing way beyond the Airstream
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments