UK branch of global firm to offshore jobs to Singapore

Barclays, a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, is cutting 1800 UK IT jobs, many of which will be relocated to S'pore. The plan is to reorganize their infrastructure and service delivery by setting up hubs in Singapore, Hungary and Italy. 700 jobs will be reduced in the UK location this year, with the remaining 1100 being moved by 2010.

These new locations will be considered technology "centres of excellence". Barclays does not indicate specifically how many jobs will come to Singapore, but a Barclays' spokeswoman says this: "We need to transform to a global organisation, able to serve the needs of our customers and clients who have operations around the world."

You can read all about it here.

Image Source EnglandsNorthWest.com
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