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Barclays Cuts 285 Uk Jobs Transferring Back Office Roles To India

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I said it wouldn't be long until the offshoring/outsourcing/outright closure in the case of Pfizer flared up again as a result of the determination to keep the cost base high.

Wonder how much Pfizer will reap from selling the land? Bet it pays for the whole relocation. The jobs will never return. Neither will these.

Lots of companies will be making their long term plans and it won't involve this country.

http://www.guardian.co.uk/business/2011/feb/02/barclays-job-losses-barclaycard

Barclays cuts 285 UK jobs transferring back office roles to India

The cuts at its credit card offshoot Barclaycard are in addition to 1,000 job losses announced by the bank last week

Barclaycard wants to hand some of its operations to an Indian outsourcing firm. Barclays bank's credit card business, Barclaycard is losing 285 UK jobs to its operations in India. Photograph Sarah Lee for the Guardian

Barclays is cutting another 285 jobs, on top of 1,000 announced last week, as a result of a decision to transfer call centre and back office roles to India.

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Wonder how much Pfizer will reap from selling the land? Bet it pays for the whole relocation. The jobs will never return. Neither will these.

You must be joking. East Kent isn't exactly devoid of available land, in fact Pfizer is surrounded by green fields in three directions. The fact that Pfizer are leaving has probably knocked 50% of the value of any land around there with planning permission for housing - demand has just disappeared.

Pfizer are a company that have been growing quickly for the last 2 decades, like most big pharma companies they have been hiding their recent lack of new product and attempting to mitigate against the huge cost of developing drugs via mergers and acquisitions. You can only do that for so long before reality bites.

Guess what. Reality is biting.

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You must be joking. East Kent isn't exactly devoid of available land, in fact Pfizer is surrounded by green fields in three directions. The fact that Pfizer are leaving has probably knocked 50% of the value of any land around there with planning permission for housing - demand has just disappeared.

Pfizer are a company that have been growing quickly for the last 2 decades, like most big pharma companies they have been hiding their recent lack of new product and attempting to mitigate against the huge cost of developing drugs via mergers and acquisitions. You can only do that for so long before reality bites.

Guess what. Reality is biting.

I agree a lack of blockbusters in the pipeline is an industry wide problem.

They will still get a packet for the site compared to elsewhere and I bet it pays for the cost of shuttering and relocation. Don;t know about the buildings there - maybe in good enough condition to be swapped for other commerical uses, otherwise it will be a candidate for the land specualators. As for the green land - well you are not allowed to build on it.

http://www.uklanddirectory.org.uk/building-land-plot-sales-kent.asp

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I read about a smaller German bank which outsourced their entire back office to India. They fired 6,000 staff in Germany and were replaced by 1,500 at the Indian outsourcing company. Seemed to work fine.

Actually paying say £5 an hour with no benefits is huge money in India. You can get very bright, young, hard working people for that.

Plus its a good opportunity to nuke an intrasigent bureaucracy.

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Having to deal with them at work alot, I'd say I detest indian call centres and if I found out any of the products/services I personally have use indian call centres, I'd move my business else where.

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Having to deal with them at work alot, I'd say I detest indian call centres and if I found out any of the products/services I personally have use indian call centres, I'd move my business else where.

I am 2 weeks into a new contrac where the IT helpdesk is run from India. Of course there are a lot of startup issues which have been followed by regular calls to India. No waiting, polite, intelligent people on the end of the phone who either give good instructions or take over my computer remotely to resolve. Sometime you have to listen a bit more carefully to understand the accents, but watching Rab-C-Nesbit I had to do that anyway.

Overrall very good and I much prefer the rapid response instead of minutes of pressing multi-options to get into a queue for the right operator in the UK.

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They will still get a packet for the site compared to elsewhere and I bet it pays for the cost of shuttering and relocation. Don;t know about the buildings there - maybe in good enough condition to be swapped for other commerical uses, otherwise it will be a candidate for the land specualators. As for the green land - well you are not allowed to build on it.

Eh? What are you on about? The land in East Kent is plentiful and relatively worthless - miles from anywhere, crap transport infrastructure, the only major employer is leaving town? This land would be worth far more were it in just about any other part of the home counties. The sale of the land might cover shuttering, but there won't be much relocation going on. Pfizer are pulling out of allergy and respiratory drugs in a planned restructuring of its research activities, this isn't off-shoring, it's walking away from an unprofitable market segment.

Incidentally, pharma has been a cash cow on the back of the hugely expensive US health 'industry' for years. As the US moves to "socialised medicine" you can expect a more acute focus on the cost and efficacy of many of these "blockbuster" drugs. I would take a long, hard, cold look at an big pharma in your portfolio, the glory days are over.

Give Kent County Council a tinkle on the old dog and bone, ask to speak to the the leader of the council, Paul Carter, and tell him you are thinking of locating your new enterprise in East Kent creating around 2,400 well paid white collar jobs in the process. If he mentions planning permission once, I'll give you £50 ;)

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I'm fed up of Indians calling trying to sell me stuff. I can barely understand whay they say. I just hang up on them. If they're lucky I just hang up on them; sometimes I make sarky remarks at them first.

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This is no way to curry flavour with the electorate. :(

On a more serious bnote--the massive job cull is well underway with Pfizer being the first of the big culls (2,400). The housing market is crumbling beneath our feet. Jobs are a lagging indicator though so patience will be required before we see its full effects. And it is not going to be prettty--for any of us. But it is necessarty to kill the HPI monster and the leeches associated with it.

Edited by Realistbear

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Can't they offshore bankers?

I think you may find Barclays is a Bank....:rolleyes:

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I said it wouldn't be long until the offshoring/outsourcing/outright closure in the case of Pfizer flared up again as a result of the determination to keep the cost base high.

Wonder how much Pfizer will reap from selling the land? Bet it pays for the whole relocation. The jobs will never return. Neither will these.

Lots of companies will be making their long term plans and it won't involve this country.

http://www.guardian.co.uk/business/2011/feb/02/barclays-job-losses-barclaycard

Barclays cuts 285 UK jobs transferring back office roles to India

The cuts at its credit card offshoot Barclaycard are in addition to 1,000 job losses announced by the bank last week

Barclaycard wants to hand some of its operations to an Indian outsourcing firm. Barclays bank's credit card business, Barclaycard is losing 285 UK jobs to its operations in India. Photograph Sarah Lee for the Guardian

Barclays is cutting another 285 jobs, on top of 1,000 announced last week, as a result of a decision to transfer call centre and back office roles to India.

I made the decision to leave Barc this week because im fed up talking to Indians in customer service!

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I made the decision to leave Barc this week because im fed up talking to Indians in customer service!

How is leaving Barclays going to solve this issue. :D

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Can't they offshore bankers?

Don't be silly. Banksters are 'masters of the universe' and only a select few can carry out their valuable work for the world economy, that's why we have to pay them so much when the bits of paper being 'traded' turn out to be illusory profits :lol:

If only bankster's bonuses were as false as their so-called 'profits' :angry:

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I said it wouldn't be long until the offshoring/outsourcing/outright closure in the case of Pfizer flared up again as a result of the determination to keep the cost base high.

Wonder how much Pfizer will reap from selling the land? Bet it pays for the whole relocation. The jobs will never return. Neither will these.

Lots of companies will be making their long term plans and it won't involve this country.

http://www.guardian....ses-barclaycard

Barclays cuts 285 UK jobs transferring back office roles to India

The cuts at its credit card offshoot Barclaycard are in addition to 1,000 job losses announced by the bank last week

Barclaycard wants to hand some of its operations to an Indian outsourcing firm. Barclays bank's credit card business, Barclaycard is losing 285 UK jobs to its operations in India. Photograph Sarah Lee for the Guardian

Barclays is cutting another 285 jobs, on top of 1,000 announced last week, as a result of a decision to transfer call centre and back office roles to India.

People are already up in arms against Big Business not paying full taxes in UK - from Students to old Grannies demonstrating against Boots, O2 etc,

There are many Big Business dictatorish boardroom oiks gonna get kicked out of doing business in the UK at this rate by general public consensus.

They are completely out of touch with what is simmering under the surface in the UK with the general public.

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How is leaving Barclays going to solve this issue. :D

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How is leaving Barclays going to solve this issue. :D

It will solve it for me because I will use a bank that has English back office staff. It would solve it for eveyone if everyone did the same when a business or bank offshored its services.

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I agree a lack of blockbusters in the pipeline is an industry wide problem.

They will still get a packet for the site compared to elsewhere and I bet it pays for the cost of shuttering and relocation. Don;t know about the buildings there - maybe in good enough condition to be swapped for other commerical uses, otherwise it will be a candidate for the land specualators. As for the green land - well you are not allowed to build on it.

Did you not understand that East Kent is a jobs black spot and Sandwich is a difficult commute to London.

Pfizer was the only notable employer there. There will be no-one waiting to take over their site (for commercial or residential use), it will site there derelict.

tim

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Actually paying say £5 an hour with no benefits is huge money in India. You can get very bright, young, hard working people for that.

Indeed, but not all of them understand that there are no fringe benefits...

'Credit card details of Britons sold at $10 each':

http://www.dnaindia.com/world/report_credit-card-details-of-britons-sold-at-10-each_1241063

A BBC sting operation has exposed a criminal gang in India that sells credit card details of UK customers, reportedly stolen from call centres in India. In a sting operation, two BBC reporters posing as fraudsters from London bought names, addresses and valid credit card details of UK customers from New Delhi-based Saurabh Sachar, who acted as a broker to arrange the sale.

[...snip...]

Data protection lawyer Pavan Duggal told the BBC: “India is only paying lip service to data protection. We don’t yet have a dedicated legislation on data protection. Until India comes across with strong stringent provisions on data security we will have instances like this.”

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Indeed, but not all of them understand that there are no fringe benefits...

'Credit card details of Britons sold at $10 each':

I thought you said that there were NO fringe benefits

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Wonder how much Pfizer will reap from selling the land? Bet it pays for the whole relocation. The jobs will never return. Neither will these.

...is it not the same as the government selling off our forests? :unsure:

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I am going to vote with my feet by banking with Nationwide or an ethical bank like the Co Op.

Companies that export Jobs or avoid UK taxes should be avoided.

www.positivemoney.org.uk/ say there could be another alternative to the big banks this year.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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