Bank to cut 1,800 IT jobs in the UK

by Editor 7/16/2008 4:17:00 PM
Barclays will cut 1,800 IT jobs in the UK as part of the plan to create global technology “centre of excellence” that will be opened in key offshore locations.

Over the next couple of years, global infrastructure and service delivery (GISD) jobs will be cut in the UK and new roles created in India, Singapore and Hungary. As many as 700 UK tech jobs will be lost by September this year.

A total of 1,800 UK tech jobs will be lost by 2010, including IT contractors. This will leave only 1,000 GISD roles in the UK, mainly based in London and Cheshire.

Barclays will in turn be able to create about 1,700 new jobs in the global technology centres of excellence. The UK IT employees who lose their jobs will be offered voluntary redundancy packages or redeployed to jobs at the same level and in the same locations.

Out of the 700 UK IT jobs affected by the plan this year, fewer than 50 tech employees are expected to be faced with compulsory redudancy.

Keith Brookes, national secretary for Barclays at the trade union Unite, says:

“We can avoid heavy duty compulsory redundancies because of the long lead time on the talks between Barclays and the union. The move is inevitable, but we have to ensure that the UK is maintained as a centre of excellence and we have that commitment from the bank.”

“Barclays’ ambition is to become one of a handful of universal banks leading the global financial services industry, helping our customers and clients throughout the world to achieve their goals,” says a Barclays representative. “We need to transform to a global organization, able to serve the needs of our customers and clients who have operations around the world. As far as possible, we will manage the reduction in headcount by reducing the number of contractors and temps we employ.”

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