Barclays to cut 400 technology jobs
LONDON (Reuters) - Barclays (BARC.L) is to cut just over 400 jobs in its technology departments, it said on Wednesday.
Barclays said a review of its IT operations will see about 158 permanent staff and 250 contractor positions go, mainly in Cheshire and London.
The bank said it would try to mitigate compulsory redundancies by releasing contractors, closing vacancies and offering staff the chance to apply for other jobs.
(Reporting by Steve Slater)
© Thomson Reuters 2009 All rights reserved.
Buffett says the panic is over
Warren Buffett, perhaps the world's most admired investor, says the financial panic that gripped the globe last year is a thing of the past. Full Article
UK
US
Carbon trading may cause collapse