Barclays in Union agreement over transferring jobs

Barclays today announced that it was the first bank to reach an agreement with the finance union, UNIFI, that created a framework for transferring jobs overseas.

A spokesman for Barclays said the bank considers the transfer of jobs from the UK to countries such as India as "simply one of the options in our tool-kit," and that no major UK job-loss announcement was on the cards right now.