Barclays bank announces further job cuts

Barckays banks logoLondon  - Britain's Barclays bank Wednesday announced further staff reductions which bring to more than 4,000 the number of jobs that will be shed at the bank in Britain and overseas.

Barclays, Britain's third-biggest bank, said it planned to cut 2,100 jobs at its retail and commercial banking business, affecting many high street branches.

The announcement came less than 24 hours after it confirmed proposals to cut at least 2,100 posts at its investment banking arm, Barclays Capital, and at Barclays Global Investors business.

Barclays, which employs 150,000 staff around the world, said it was in consultation with the trade unions over the job losses. (dpa)

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