CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / World Business

Barclays to close mortgage centre in Wales

Published: 09 Mar 2017 - 01:00 am | Last Updated: 02 Nov 2021 - 02:27 am

Reuters

London: Barclays Plc is planning to close a mortgage centre in Cardiff, Wales, with the loss of more than 180 jobs, sources with direct knowledge of the matter said yesterday, as the bank continues a major restructuring to cut costs.
The employees at the centre were told about the job losses yesterday, sources familiar with the cuts said. A spokesman for Barclays confirmed the closure, but said only 60 jobs would be cut, while 144 people would be offered the chance to relocate to Liverpool and Leeds.
“We appreciate that for some staff they may wish to take a redundancy option and this will be available,” the spokesman said in an emailed statement. Workers’ union Unite condemned the closure.“This highly skilled and dedicated workforce will be made redundant and we call on Barclays to think again and reverse this decision,” Unite regional officer Steve Pantak said. The announcement comes as a further blow to the financial services industry in Wales, which has been disproportionately hit by branch closures in Britain.