Unite members at Barclays have today (Tuesday 12 September) been informed that the bank is cutting over 450 staff.
Unite branded the decision “unnecessary and unjustified” which will leave staff gravely concerned about their job security and livelihoods.
Unite national officer Dominic Hook said: “How can a profitable finance organisation such as Barclays slash over 450 staff amid a cost-of-living crisis? This isn’t an organisation struggling to survive, this bank is making billions of pounds of profits. If these plans for compulsory redundancy are implemented then hundreds of families will lose their livelihoods and face financial hardship because of a management decision which is both unnecessary and unjustified.
“The staff losing their jobs are not highly paid rich City bankers but those earning modest salaries within Barclays. These employees worked throughout the Covid pandemic to help to deliver the highest customer service to Barclays customers. These workers deserve better.
“Unite is opposed to these job losses and has called on Barclays to commit to no compulsory job losses. The bank must scrap these plans and reconsider. Unite is willing to work with the bank to ensure staff are given re-training and redeployment opportunities.”
Unite will be meeting the Barclays Chief Executive to press for a guarantee of no compulsory job losses at the bank.
In July 2023 Barclays announced its Q2 results. The bank announced a net profit of £1.3 billion which was a 24 per cent increase from the same period last year.
