Barclays to axe 400 IT jobs
Banking giant Barclays is to axe 400 jobs in its IT departments after a review of its operations, it was announced.
The bank said it would try to mitigate compulsory redundancies by releasing contractors, closing vacancies and offering workers the chance to apply for other jobs.
The Unite union said the job cuts were a "bitter blow", especially in the current economic uncertainty.
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