British bank Barclays said Tuesday it planned to axe between 10,000 and 12,000 jobs this year, including 7,000 in Britain.
The bank, which now employs 140,000 people worldwide, described the job cut as an effort made to lower costs. The cuts will involve 820 management persons, including 220 senior ones.
The Barclays chief executive Antony Jenkins said about half of the affected staff had been informed of the decision.
Chosen excerpts by Job Market Monitor. Read the whole story at Barclays confirms 12,000 job cuts this year-Eastday.
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