LONDON, June 28 (Reuters) - British bank Barclays Plc (BARC.L: Quote, Profile , Research) said it plans to avoid compulsory redundancies where possible for its employees and for staff at its Dutch takeover target ABN AMRO Holding NV (AAH.AS: Quote, Profile , Research).
Barclays said on Thursday it wanted to provide clarity and assurances to staff following meetings with employee groups, including trade unions and works councils.
Barclays has said 23,600 jobs will be cut if it buys ABN, including 10,800 positions moved to low-cost locations. The total would represent almost 11 percent of the banks’ combined workforce of 217,000.
The deal continues, I wonder what reception this will receive.
