Barclays to cut 1,700 UK branch jobs due to automation

Thu Nov 14, 2013 1:01pm EST
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LONDON (Reuters) - British bank Barclays (BARC.L: Quote) said on Thursday it was cutting 1,700 jobs in its UK network as automation increases across its branches.

The bank said technological changes would enable it to provide better service for customers with fewer staff.

"Today we have outlined a voluntary redundancy scheme for those colleagues who are interested," the company said in a statement.

The Unite union said Barclays informed its workforce on Thursday that it would cut 1,700 frontline roles from its branch network.

"Cashiers, personal bankers, operational specialists, branch managers and assistant manager roles will be cut throughout 2014," Unite said in a statement.

(Reporting by Brenda Goh, additional reporting by Limei Hoang,; Editing by Belinda Goldsmith)

Bicylces for hire, sponsored by Barclays, are lined up in a rack in London October 30, 2013. REUTERS/Toby Melville