Barclays hints at 40,000 job cuts

Dale, Samuel
March 2013
Fundweb;3/8/2013, p15
Trade Publication
The article reports on the plan of British bank Barclays PLC to prioritise cost-cutting. In an investor meeting, Antony Jenkins, chief executive officer (CEO) at Barclays, told investors about his plan to cut about 40,000 employees from the bank. It is mentioned that Jenkins joined Barclays in September 2012, after former CEO Bob Diamond quit the job in the wake of the Libor rigging scandal.


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