Barclays PLC May Cut Up To 2,000 Investment Banking Jobs-Reuters

Thursday, 13 Dec 2012 06:23am EST 

Reuters reported that Barclays PLC plans to cut as many as 2,000 jobs in its investment bank as part of a broad restructuring of the Company, the Wall Street Journal reported, citing people familiar with the British bank's plans. The paper said senior Barclays executives are planning to recommend that the bank cut between 1,000 and 2,000 jobs, likely to be concentrated in Asia and continental Europe. The job cuts are expected to be announced early next year, the paper said, adding that Barclays executives are aiming to protect the bank's strong U.S. and U.K. franchises. 

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