Barclays Bank
Barclays has announced major offshoring plans

Barclays offshores 1,800 IT staff

Three-year plan to export jobs

Iain Thomson in San Francisco

Barclays Bank has confirmed that it will offshore many sections of its IT operations over the next three years.

As many as 1,800 UK jobs could be shipped overseas. Some will be offered to UK employees, but the company is giving no idea of terms and conditions.

Advertisement

"Some roles will move offshore and colleagues will have the opportunity to apply for these roles and relocate," Barclays said in a statement.

"As far as possible, we will manage the reduction in headcount by reducing the number of contractors and temps we employ.

"Where permanent staff are affected, working with Unite, we have put in place significant support to help them find another role, either in Barclays, or externally."

Early indications are that the bank will be using the long lead time to reduce the need for redundancies and to make job cuts through natural wastage. Unite says it expects fewer than 50 jobs to go via redundancy.

We will manage the reduction in headcount by reducing the number of contractors and temps we employ

Barclays Bank 

The move mirrors that taken by Lloyds TSB last year and is part of the steady growth of outsourcing for cost savings purposes, despite evidence that such moves are not popular with customers.

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Do you agree?

Further reading

Foreign IT workers pour into the UK

ATSCo warns of shortfall in UK computer science graduates

Shell sacks 3,000 UK IT staff

Union outraged by redundancy package

Outsourcing market reaches 'tipping point'

Gartner predicts fundamental change in service delivery models

Lloyds axes IT staff

Outsourcing takes more jobs

Related whitepapers

Related jobs

Most watched

iPhone

Video Review: iPhone 3GS

We put Apple's latest iPhone through its paces

Xperia X1

Video Review: Sony Ericsson Xperia X1

First Looks Editor Ian Williams gets hands on with the Sony Ericsson Xperia X1

IT white papers

Search white papers

Top categories

Poll

Poll: Summer smartphones

Poll: Summer smartphones

Which smartphone will you be taking to the beach this summer?

View poll results

Advertisement

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Spotlight

a padlock

Microsoft to plug security holes

Microsoft has given advance warning of a number of security...

Nokia handset

Top 10 articles, 10 July 09

No Nokia Android phone, ActiveX attacks and Google enters into...

Can Google beat Microsoft at its own game?

Google's announcement this week that it plans to step into...

iPhone

Video Review: iPhone 3GS

We put Apple's latest iPhone through its paces

Primary Navigation