Latest News Headlines
On-Air Now
Listen Live
Facebook

Job cuts won't affect local Barclays staff

Wed, 13 Feb 2013


Despite announcing more than 3,000 job losses Barclay's says the news will have no direct impact on staff here.

Yesterday, the bank revealed it was cutting 3,700 jobs following a strategic review.

It’s in an effort to reduce costs by £1.7 billion.

A spokesperson says the business in the Isle of Man sits within the wealth and investment management division of Barclays which is an area that’s performed strongly.

They added that the announcement should not have any direct or immediate impact on Isle of Man businesses.


 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed