Barclays to cut securities jobs

Barclays to cut securities jobs

BARCLAYS is to make 300 staff redundant at its global securities centres at London and Trowbridge in Wiltshire, according to UNiFI, the banking union. The job cuts follow Barclays' decision to exit the global securities business in 1996. The redundancies at London and Trowbridge had previously been expected in September of this year, but Barclays' staff were informed earlier this week that the timetable had been brought forward. Barclays said it expected more than half the redundancies to be voluntary.