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Barclays set to cut 2,100 banking jobs: source

LONDON
Tue Jan 13, 2009 12:32pm EST

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A logo of Barclays Bank is seen on the outside of a branch in central London October 31, 2008. REUTERS/Toby Melville

A logo of Barclays Bank is seen on the outside of a branch in central London October 31, 2008.

Credit: Reuters/Toby Melville

LONDON (Reuters) - Britain's Barclays Plc (BARC.L) is cutting over 2,100 jobs across its investment banking and investment management (IBIM) units, or about 7 percent of their staff, a person familiar with the matter said on Tuesday.

Barclays confirmed it had started a consultation period with staff "to reduce headcount across some parts of IBIM to ensure that we are appropriately sized given the current market conditions."

The source said investment bank Barclays Capital will lose about 1,300 jobs, or 6 percent of staff. About 500 jobs will go in Barclays Wealth and about 370 in Barclays Global Investors, he said.

(Reporting by Steve Slater)


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