British banking group Barclays is set to slash further roles as part of a restructuring plan.
The move will put around 460 jobs on the line.
It will mostly impact the bank’s Coventry Westwood Park and Birmingham Snowhill locations.
According to trade union Unite, 350 jobs are expected to be affected in these locations.
Barclays’ branches in Canary Wharf and Fleet, Liverpool, Northampton, Cardiff, Belfast, Poole, Leeds, Stockton on Tees, Petersfield, and Manchester will also be affected.
However, as per media reports, 400 of the affected employees would be redeployed in locations such as Northampton, Manchester and Glasgow.
More than 50 roles are expected to be axed in the process.
The trade union calls the headcount reduction “extremely alarming” and warns of a “large number of compulsory redundancies”.
Unite said: “The decision by Barclays to make significant job losses in the West Midlands is a huge blow for the workforce. This is even more alarming in light of 170 staff from Fraud Operations being cut in Coventry last year.
“Unite is in discussion with Barclays regarding its future site strategy in order to gain vital clarity and job security for the workforce. The union has challenged the bank on service quality levels due to the loss of knowledge and experienced staff as a result of these changes.
“The union will continue to engage with Barclays to discuss redeployment and outplacement support options for the employees, with a specific focus on training opportunities.”