Barclays to cut 3,700 jobs
12 February 2013
Barclays has announced that it will be cutting 3,700 jobs this year across the Group following a strategic review.
The jobs to be cut include 1,800 in the Corporate & Investment Bank and 1,900 in Europe Retail and Business Banking. This is expected to result in a restructuring charge of close to £500m in Q1 2013.
Barclays said that very few of the job losses would be in the UK.
The announcement comes as Barclays reports a fall in pre-tax profit to £246 million in 2012, down from £5.9bn a year ago.
Barclays also said that it will provide greater disclosure and transparency around its financial performance. The bank also aims to embed its purpose and values across Barclays and publish an annual scorecard assessing its performance.
More Flexibility in the workplace with Borer's FUSION T&A System.
Borer's Time and Attendance system is designed to offer employees more flexibility in the workplace. With more and more emphasis being placed on work life balance, organisations must define procedures to support employees.
One way to do this is by implementing flexitime by providing staff with flexible working hours to accommodate those working part-time, family priorities, covering absences and job sharing.