A Closer Look

Barclays to cut 600 jobs in India

Barclays India will slash up to 600 positions by March next year as it cuts down on its lending activities, bank sources said. This, however will not translate into an equal number of job losses as some of them will get accommodated within the company, apart from natural attritions over a nine-month period when the process is to be carried out, they added.

Around 400 of the positions will be cut in its consumer banking division while the same at its non-banking finance arm will be up to 220, sources who did not want to be identified said. When contacted, a Barclays India spokesperson said, “we continue to progress (in the planned restructuring) in line with the announcements made back last December.” The bank had last December announced a restructuring of its operations, as part of the global cost cutting, under which it would take a year-long programme of withdrawing from retail lending in the country…

Source:  Local Competition forces Barclays to cut 600 jobs in India | Firstpost.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter



%d bloggers like this: