Union warns of job losses as Barclays prepares to restructure IT operations

The jobs of hundreds of staff and contractors at Barclays are at risk under plans by the bank to restructure its main IT division, union leaders have warned.

The bank has announced plans internally to integrate its IT division with its UK banking business. Barclays’ IT division has been running as a separate unit, under a decentralised business model.

There are around 8,500 IT and business staff in the IT division and the Amicus union has warned that the jobs of hundreds of employees and contractors could be at risk.

A spokesman for Barclays said the changes to the IT division were part of a company wide review of its operations announced last year. He said that no decision had been taken about job losses and it was consulting IT staff.

But Keith Brookes, national secretary at Amicus, said the union was concerned that the consultation process over the business restructuring was being rushed. “I’m not sure that the bank has reflected deeply on its plans,” he said.

In recent years, Barclays has outsourced more of its IT function than most other banks, to both UK and offshore destinations.

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