Barclays to cut 1,000 jobs

City A.M. Reporter
Barclays is to cut about 1,000 jobs as it stops offering financial planning advice in its branches.

The bank said it was consulting with the Unite trade union about ending the service, which is due to occur on 18 February and affect about 1,000 staff across Britain.

The bank plans to focus its investment service offering online. It said providing advice through branches was becoming less commercially viable, and that decline was likely to continue.