MAY 30, 2024 — CALL CENTER CLOSURE
Barclays has announced that it plans to permanently close down its call center in Over-the-Rhine facility in Cincinnati, Ohio by September 13, 2024.
The closure will impact 252 employees and commence on July 20, 2024.
FEBRUARY 6, 2019 — MORE PAIN EXPECTED AT BARCLAY’S AS ACTIVIST INVESTOR APPROACHED BOARD
As the night follows the day, activist investors set off a chain reaction of divestments, closures, and reductions in force.
It appears that activist Edward Bramson, a partner at Sherborne Investors, is petitioning for a position on Barclay’s board of directors and is already speaking publicly about the need to shrink the bank’s footprint in opposition to current management, which favors expansion. Look for an expensive proxy fight as the current management maneuvers to keep Bramson in check — possibly buying out his position at a premium (also known as “greenmail.)
JANUARY 17, 2019 — Original Post…
Northampton, England-based Barclaycard, the iconic multinational credit card and payment services provider division of Barclay’s Bank, has announced that it will be closing its Wilton, Maine call center and laying off 227 employees.
It is believed that the decision was based on the loss of L.L. Bean’s proprietary-branded credit card business to Citibank and the increasing use of self-help internet-based systems by consumers.
A Barclay’s spokesperson noted that the closure of the Wilton, Maine call center “is aligned with Barclays' global location strategy, which is focused on developing large-scale regional hubs that enable colleagues to work collaboratively and efficiently in order to deliver superior outcomes for customers, clients and shareholders.
The impact on Franklin County will be significant as the company is one of the County’s largest employers.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?