Barclays is cutting 140 jobs in its corporate business arm in UK corporate arm

Barclays is cutting 140 jobs in its corporate business arm as the main UK bank's plan to slash costs and improve efficiencies.

A spokesman for the bank said the redundancies will be in the united kingdom infrastructure operations for Barclays Corporate, which is being brought closer together using the Barclays Capital investment bank arm.



Barclays Corporate cut about 500 infrastructure jobs 8 weeks ago. It employs just over 11, 000 staff.

Barclays cut 1, 400 staff in the first half of the year and said chances are to shed about 3, 000 this year, about 2 percent of it's 146, 100 workforce.