Business
Bank Axes Jobs
This follows on from the bank announcing that it will be closing its Castletown branch in the new year
Photo by Callum Staley
Barclays staff have today been told there will be redundancies on the island.
The bank is expected to make up to 900 roles redundant across the British Isles, with unions in the UK criticising the timing in the run up to Christmas.
While staff in the UK were told yesterday, we understand that staff on the island were told either late on Tuesday or this morning.
One man who emailed Gef said he had been with the bank for several years and was disappointed to be told so close to Christmas that he will likely be losing his job.
A Barclays spokesperson told Gef: ‘As we said in October at Q3 results, we are taking a number of actions to simplify and reshape the business, improve service, and deliver higher returns.
‘This includes changes to our headcount as management layers are reduced and the Group improves its technology and automation capabilities. We are committed to supporting impacted colleagues through these changes.’
The spokesperson however said they wouldn’t be providing a breakdown for numbers on the island.
This follows on from the bank announcing that it will be closing its Castletown branch in the new year.
