Company detailsCode: BarclaysCompany name: Barclays BankCompany country: United KingdomNumber of employees: 129400Sector: K - Financial and insurance activitiesSector detail: K64 - Financial service activities, except insurance and pension fundingSub-sectors: K64.1.9 - Other monetary intermediation Reshoring detailsReshoring announcement date: 21/04/2016Starting implementation date: April, 2016End of Implementation : December, 2016Reshored to: United KingdomReshored business function: Customer servicesPartial or Total reshoring: TotalReshoring governance mode: In house (in own facilities)Reasons for reshoring: Economic crisisFirm's global reorganizationUnattractiveness of the offshore marketCase narrative: Barclays has confirmed that it is looking to reduce its presence in several countries. After closing British expatriates' bank accounts where worth less than £100,000 in Malta, Greece and Cyprus, in 2015, Barclays is proceeding with further reductions in its presence overseas. It is planning to shut down its Cypriot offices while services to Cyprus-based customers will continue to be provided from its UK-based offices. The bank plans to close both its offices in Limassol and Nicosia, noting that “the majority of Barclays’ clients in Cyprus have bank accounts based in London and will continue to receive banking services from London.” Sources: Sigmalive, 21/04/2016 Sources link: http://www.sigmalive.com/en/news/economy/144235/barclays-to-close-office... Offshoring detailsOffshoring date: 1930Offshoring location: CyprusOffshored business function: Customer servicesOffshoring governance mode: In house (in own facilities)Offshoring entry mode: Wholly ownedReason for offshoring: Proximity to customers