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TheCountOfNowhere

1700 Less Bankers

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http://www.bbc.co.uk/news/business-24947774

"Barclays is to cut 1,700 jobs from across its branch network in the UK, the bank has announced."

Great news, 1700 more potential BTL investors to get into the london market. Who needs a job when there's fortune to be made in property.

Well done.

The jobless recovery is going well.

6 weeks to Christmas, got to love the timing.

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People working in bank branches are highly unlikely to be getting into BTL investment anytime soon.

Most of them probably earn less than many working in Tesco.

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No cuts in the investment bank, then?

Heaven forbid - it is the part that makes the money, when it is not getting fined by regulators.

Edited by Ah-so

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Many staff in branches are on less than 20k (15k is quite common for a full time position). Hardly the greedy idiots in offices. I always wondered how people could stomach working for such low pay in bank branches when the company was making profits in the billions of pounds and those in HQ were on bonuses in the hundreds of thoasands or more. Throughly demoralising I'd have thought.

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People working in bank branches are highly unlikely to be getting into BTL investment anytime soon.

Most of them probably earn less than many working in Tesco.

You aint big on sarcasm are you?

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Poor sods.

Strange really, every Barclay's branch I ever walk into is heaving and with long queues for the counters. They also out-source all their support/IT to India massively, they are contributing to the bankruptcy of their own customers in the long run.

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Poor sods.

Strange really, every Barclay's branch I ever walk into is heaving and with long queues for the counters. They also out-source all their support/IT to India massively, they are contributing to the bankruptcy of their own customers in the long run.

How do the Indian workers feel about it?

No idea. But we're all in it together.

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1384472967[/url]' post='909430461']

Poor sods.

Strange really, every Barclay's branch I ever walk into is heaving and with long queues for the counters. They also out-source all their support/IT to India massively, they are contributing to the bankruptcy of their own customers in the long run.

The experience I have in my local Barclays (Fleet) is the opposite. They are very efficient at getting people through, with any disruptions usually caused by old people being stupid e.g new system In place for paying in cheques, just take it straight to the cashier with no deposit slip required.

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Poor sods.

Strange really, every Barclay's branch I ever walk into is heaving and with long queues for the counters. They also out-source all their support/IT to India massively, they are contributing to the bankruptcy of their own customers in the long run.

I have a relative working for Natwest, they've been progressively slimming their branch staff to the absolute minimum.

They've also just introduced a new £6 charge if you go overdrawn by more then £10 (arranged). A sign of financial sector innovation and efficiency, to be sure.

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Bbc 5live reported this as people using their phones to bank so one in every branch staff being sacked. Sounds dreadful for morale but it could have been the beebs spin.

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Bbc 5live reported this as people using their phones to bank so one in every branch staff being sacked. Sounds dreadful for morale but it could have been the beebs spin.

Think I have had an internet bank account for about 12 years? Can`t imagine going into a branch for anything really.

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