Barclays Layoffs Job Cut: fires 100 employees at Cardiff

One of the financial companies of the world, Barclays learnt to go for a round of layoffs or job cuts. Since the entire global markets and businesses are suffering from the downturn, this financial company also seeems to be affected. However, what might turn out to be irritating for the laid off employees is the fact that this move by Barclays is for outsourcing the jobs to a low cost center like India (or others), where Barclays offshore center is in Pune, India.

How many employees will be fired in Barclays Layoffs Job Cut
Around 109 employees will loose their jobs in the Barclays layoffs.

Which location will the Barclays Layoffs Job Cut happen?
The layoffs will happen at Welsh capital, Cardiff, UK.

Which business segment will be affected by the Barclays Layoffs Job Cut
The affected division is the one which handles the accounts of deceased customers.

The move was greeted with dismay by the banking sector union Unite, which said it had grave concerns about outsourcing such a sensitive function.

Where will the jobs be transferred or outsourced after the Barclays Layoffs Job Cut
The jobs will be transferred to a third party outsourcer based in Warwickshire beginning in Easter 2009.

As per the news, The latest move is a double blow for the Cardiff City workforce, following Barclays' decision in July to shutter its Firstplus loans operation with the loss of 300 jobs.

Let's hope that alternative jobs are available to the affected employees of Barclays Layoffs Job Cut.