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Sting Barclays: 10-12 thousand layoffs, but manager bonuses are rising

The British banking giant will cut between 10 and 12 thousand jobs within the year - The announcement coincides with that of an increase in the amount of bonuses for managers by almost 10% - Meanwhile, on the accounts front, the Bank closed 2013 returning to profit: the net result was positive for 540 million pounds (about 650 million euro)

Sting Barclays: 10-12 thousand layoffs, but manager bonuses are rising

Rain layoffs at home Barclays. By the end of the year, the British banking giant it will cut between 10 and 12 thousand jobs, of which 7 in the UK alone. This was announced by the director general of the institute, Antony Jenkins, specifying that the redundancies will involve 820 managers: 600 directors and 220 administrative directors. To date, the group has approximately 139 employees worldwide.

The announcement of the new cuts coincides with that of a increase in the amount of bonuses for managers by almost 10%, to around 2,3 billion euros, an issue that is raising a lot of controversy in the country.

Meanwhile, on the accounts front, the Bank closed 2013 back to profit: the net result was positive for 540 million pounds (about 650 million euro), against the loss of 624 million pounds in the previous year.

A press release from the Bank reads that adjusted pre-tax profit for last year it was £5,2 billion ($8,5 billion), down 26% from £7,05 billion in 2012. Analysts had expected the figure to be 5,4 billion on average billions of pounds. 

THEgross profit it came in at £2,9bn, a marked improvement on the previous year's £246m, the bank again advanced ahead of the full accounts to be released tomorrow.

The lender last month anticipated that accounts are expected to be impacted by £330m in the fourth quarter from regulatory fines and lawsuits. Also yesterday, Barclays revealed that it is in talks with regulators about a possible one malicious leak of information on customer accounts. According to the Mail on Sunday, the personal and financial information of 27 account holders would have been illegally disclosed.

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