City Faces Loss of 4,000 Jobs As Barclays and Bank of America Are Forced to Act ; Finance
Birmingham Post › January 14, 2009
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Summary
The City was hit by the loss of more than 4,000 jobs yesterday as Barclays said it was to cut 2,100 jobs in its investment arm and a similar number are to go after the merger of investment banking giants Merrill Lynch and Bank of America.
The Barclays redundancies represent a seven per cent reduction in staff numbers in the Investment Banking and Investment Management (IBIM) division across the globe. About 1,300 jobs are expected to be cut at Barclays Capital, with Barclays Wealth and Barclays Global Investors losing around 500and 330 staff respectively.See the full content of this document
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City Faces Loss of 4,000 Jobs As Barclays and Bank of America Are Forced to Act ; Finance
A spokes man for the firm said: "We can confirm that we have begun a consult...
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