Barclays to axe hundreds of jobs

Press Association
File photo dated 05/02/13 of a branch of Barclays Bank. Barclays will close a quarter of its 1,600 branches in the UK and cut hundreds of investment banking jobs as it aims to slash costs to meet targets, it is reported. PRESS ASSOCIATION Photo. Issue date: Wednesday January 29, 2014. See PA story CITY Branches. Photo credit should read: Joe Giddens/PA Wire
File photo dated 05/02/13 of a branch of Barclays Bank. Barclays will close a quarter of its 1,600 branches in the UK and cut hundreds of investment banking jobs as it aims to slash costs to meet targets, it is reported. PRESS ASSOCIATION Photo. Issue date: Wednesday January 29, 2014. See PA story CITY Branches. Photo credit should read: Joe Giddens/PA Wire

%VIRTUAL-SkimlinksPromo%Hundreds of jobs are being lost at Barclays under changes in its corporate banking division, it has been announced.

Around 400 posts will go, and the Unite union said a further 120 were being placed at risk this year.