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Barclays PLC Puts UK Investment Banking Staff On Notice For Job Cuts-DJ

Tuesday, 22 Jan 2013 12:08pm EST 

Dow Jones reported that Barclays PLC put its U.K. investment banking staff on notice for potential job cuts as it prepares to restructure the bank to adapt to new regulations and a tougher business climate. The Company has begun a process of consultation on potential job cuts with all 9,000 of its U.K. investment-banking employees, as part of a formal review of the entire group being conducted by Chief Executive Antony Jenkins. Mr. Jenkins is to present the results of the review and a restructuring plan on February 12. U.K. employment law requires companies to conduct a 90-day consultation process when more than 100 jobs are at risk. 

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20 Oct 2014