Barclays to cut additional 7,000 jobs by 2016

Source: Bloomberg
Barclays Plc, one of the biggest banks in the United Kingdom, announced on Thursday 7,000 additional job cuts that will take place by 2016. A report shows that the financial institution wants to decrease its dependence on this working unit. Therefore, the total job losses will amount 19,000 by 2016. Today, Barclays Plc shares are jumping 4.7% to 254.75 pence by 11:00 GMT in London.

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