Barclays job losses "a huge blow"

Commenting on the news that Barclays have announced 200 jobs at their merchant services and technical operations base in Pentwyn are set to move to Northamptonshire and India – South Wales Central AM has described the move as a “huge blow” and called on the Welsh Government to respond proactively.


Mr Davies said, “The news Barclays are set to move 200 posts out of Cardiff is a huge blow to staff and the wider sector.


“This is the latest example of a worrying trend of financial services leaving Wales’ capital city – with other sites elsewhere in the UK preferred.


“The Welsh Government need to take action to improve Cardiff and Wales’ position as an attractive proposition to the financial sector – and reverse this before the situation worsens.


“They must also ensure support is provided to those who will be affected by the decision – and assist them in finding alternative employment.


“Only a strong and proactive response will be acceptable to those who will rightly be deeply concerned by this news.”