Friday, May 11, 2007

EXPENDITURE STRATEGY – BARCLAYS BANK

1. Barclays Bank has announced it will be cutting 1,100 workers over the next three years as part of an efficiency drive at its offices in Poole, Dorset which handles back-office functions such as payment processing and IT support.
2. It was hoping to cut costs by automating many tasks, such as payment processing.
3. Unions would be working with Barclays to ensure as many staff as possible were redeployed or took voluntary redundancy.
4. It would be moving to a new, smaller building.

Continuous improvement is better than delayed crisis management?

[Click here for full story at: BBCNEWS.COM]

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