Major Barclays bank staff cuts not aimed at Brigg, Barton, Epworth and Scunthorpe branches
THE future of staff at the Brigg, Epworth, Barton and Scunthorpe branches of Barclays is unaffected, after the business confirmed it would cut 3,700 jobs across the country.
The banking giant has published its eagerly anticipated strategic review, which plans to cut £1.7billion in annual costs.
There has been no specific indication where the job cuts will be made yet, other than saying that 1,800 of the cuts will be in the Corporate & Investment Bank and 1,900 in Europe Retail and Business Banking.
But a spokesman for Barclays confirmed that no jobs would be cut from the UK.
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Antony Jenkins, Barclays PLC group chief executive, said: "Barclays is changing. We intend to change what Barclays does and how we do it and have set out clear commitments against which our progress can be measured. Our goal is to make Barclays the 'Go-To' bank for all our stakeholders. The plan that we set out today is critical to delivering that goal.
"Our plan is built on a rigorous review of 75 distinct business units to determine not only their ability to generate an appropriate and sustainable return on equity, but also their strategic attractiveness, including their impact on Barclays reputation. We expect to make good progress towards our financial commitments by 2014 and deliver them fully during 2015.
"We have today set out a new course for the future of Barclays. I am extremely proud of the way our 140,000 staff have overcome the difficulties of the last year and shown the resilience necessary to deliver the results we announced this morning. It gives me great confidence in our ability to deliver our goal and from today I am determined that no-one should be able to question our intent or our commitment to the path that I have set out."