Barclays has decided to shutter a major processing centre in Leeds, which is expected to impact approximately 800 jobs.
Millshaw Court office will be permanently closed by the end of the year.
Barclays said that it has today informed all employees working at the site about the decision.
A spokesman for Barclays said: “In order to drive collaboration, Barclays is moving teams closer together at our UK sites in Glasgow, Greater Manchester and Northampton; where we are investing in new campuses and office space.
“We will do everything we can to support colleagues impacted by the changes announced today.”
As part of a major restricting initiative, the bank also unveiled plans to eliminate another 345 jobs across the UK, including 157 positions in Coventry.
Job cuts at Leeds branch
The job cuts at the Leeds site will primarily impact technology, operations teams, and customer service roles.
Out of 800 employees, 200 will be fired and a further 90 contract-based jobs will be culled.
270 of the remaining 510 employees are being shifted to Manchester and Sunderland and another 100 affected employees are being offered to work from home.
The bank is yet to decide the future of the remaining 140 employees.
Trade union’s discontent
The Unite trade union has criticised Barclays’ move to shut down the Leeds office.
Unite national officer Dominic Hook said: “The sheer scale of the job cuts announced today by Barclays is alarming.
“The decision to close the major Barclays site in Leeds will be devastating for the workforce and the local community.
“Today is indeed a dark day for nearly 800 people who have worked relentlessly to deliver the highest customer service for Barclays’ customers.”
Job cuts in the UK banking sector
The UK banking sector has seen a series of job cuts recently.
Last month, Lloyds Bank unveiled plans to eliminate 780 jobs across the UK branch network.
HSBC said it will close 27 branches in the UK and also announced plans to lay off 35,000 employees across the US and Europe.
Royal Bank of Scotland (RBS) also said it plans to cut thousands of jobs at Natwest as a part of its cost-cutting strategies.
Recently, Virgin Money also said it will close 52 branches and cut 500 jobs as part of its restructuring.