RESHORING CASE

Barclays 2

Company details
Company name: 
Barclays Bank plc
Company country: 
United Kingdom
Number of employees: 
129400
Sector: 
K - Financial and insurance activities
Sector detail: 
K64 - Financial service activities, except insurance and pension funding
Sub-sectors: 
K64.1 - Monetary intermediation
Reshoring details
Reshoring announcement date: 
23/04/2018
Reshored to: 
United Kingdom
Reshored business function: 
IT
Reshored services/activities: 
Centre for technologies and services
Partial or Total reshoring: 
Partial
Reshoring governance mode: 
In house (in own facilities)
Reasons for reshoring: 
Firm's global reorganization
Case narrative: 

The British bank Barclays is dismissing 285 of the 1,100 employees currently working in the strategic centre for technologies and services in Lithuania (Vilnius). The company is reconsidering its activity worldwide, and will relocate 244 of the 285 jobs in UK and other non-EU countries.    

Sources: 

l24 20/05/2018

Xinhuanet 23/04/2018

Sources link: 

http://l24.lt/en/society/item/246810-barclays-cuts-285-jobs-in-lithuania

http://www.xinhuanet.com/english/2018-04/23/c_137131635.htm

Offshoring details
Offshoring date: 
2009
Offshored from: 
Lithuania
Offshoring governance mode: 
In house (in own facilities)
Host country geographical area: 
Eastern Europe