Bank Jobs at Risk in Barclays Takeover

Summary


More than 23,000 banking jobs were under threat today after Barclays announced details of its proposed pounds 45bn takeover of Dutch counterpart ABN Amro.

Barclays said it would look to cut 12,800 jobs from the combined workforce, while another 10,800 positions were likely to be transferred to lower-cost locations.

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Extract


Bank Jobs at Risk in Barclays Takeover

The two companies have a joint workforce of 217,000 worldwide, including ...

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