Following on from yesterday’s announcement of 2,100 job losses worldwide, of which it now appears that 500 will be in the U.K., Barclays has announced another 2,100 job cuts, this time in its retail and commercial banking divisions, all of which will be from the U.K..
It looks like Barclays is planning at least 2,100 job cuts worldwide, equating to 7% of its workforce.
The details are a little sketchy at the moment, so it’s unclear how many of these jobs will go from the U.K., but these job losses join the 400 redundancies announced by Barclays a couple of weeks ago.
More depressing news on the job front, with JCB and Wedgwood confirming many job losses, and more redundancies likely at Wincanton and Land of Leather.
More bad news on the job front today, as Nissan has announced it is getting rid of 1,200 jobs from its Sunderland factory, and Zavvi shuts 22 of its stores with immediate effect.
There are four interesting stories to do with the recession today, concerning Marks and Spencer, Barclays, UK Car Sales and sub-prime lender Cattles.
So, as of this evening, Woolworths is no more – all of its stores have finally shut.
China maker Waterford Wedgwood has succumbed to its massive debts and has finally gone into administration today.
Those Woolworths stores that are still open are to get an extra day of trading following a decision by the Woolies administrators.
The latest high-street victim of the recession is the photographer Olan Mills, which has shut its 34 photography studios across England and Wales.
There have been some dismal predictions for the job market next year, with the Chartered Institute of Personnel and Development predicting that more than 600,000 people will be made redundant in 2009, a staggering 1,600 job losses per day.