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Industry News Articles

Barclays to cut 2,000 jobs in Investment Bank

24 January 2013

Around 2,000 jobs in Barclays’ investment bank are at risk, according to recent reports.

The bank sent out letters to staff warning of the cuts - Barclays has not confirmed how many jobs are at risk but said that more details will be revealed in February 2013.

A spokesman from Barclays said: “This exercise is being carried out so that we can start to effect some of the strategic changes as a consequence of the Transform review of Barclays business.

Barclays is currently reviewing its operations following the Libor-rigging scandal. The banking giant was fined £290 million by UK and US regulators.

Borer's FUSION Time Recording System

With a high number of employees on payroll, using Borer's FUSION Time Recording System will help reduce management involvement and the administrative effort required to manage a time management scheme.

It is very labour intensive to manage and maintain a centrally administered or paper based flexitime system. Invariably, queries arise in relation to flexi balances and the process can become a very complicated one, particularly for the HR department. Implementing an automated time and attendance system makes things very easy for both employees and their managers alike.  

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Access Control Systems using Power over Ethernet (PoE) Technology from Borer