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Barclays+to+cut+19%2C000+jobs+over+three+years
Sunday, 11 May 2014 - 13:28
Barclays to cut 19,000 jobs over three years
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Barclays is to cut 19,000 jobs by 2016, with more than 9,000 to go in the UK.

As part of a new strategy, the investment part of the bank will lose about 7,000 jobs by the end of 2016.

Barclays' investment bank has been hit by a slowdown in the demand for government and company debt.

Barclays will also set up a "bad bank" which will eventually sell or run down 115 billion pounds of non-core operations.
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