Barclays bank is axing 422 jobs in its technology and infrastructure division.
Unite union national officer David Fleming said the decision was a “New Year’s blow for the staff”. “Unite has strongly opposed the sending of some of this work to Lithuania, when there are already highly trained workers carrying out this work.
“The vast majority of jobs will be going from Radbrooke Hall, Cheshire. There will also be jobs cut in Northampton and a scattering among other sites around the country,” Fleming said.
Barclays denied the work was being transferred to Lithuania. A spokesman said: "We need to make essential changes to our technology and infrastructure division so that we can innovate in new technologies and services for our customers, and be as effective and efficient as possible.
"Whilst regrettably this will mean job losses, we will make every effort to mitigate compulsory redundancies and are working closely with Unite and impacted staff."
The bank will open a voluntary redundancy register under moves to minimise compulsory job losses.
The Royal Bank of Scotland also announced on Thursday it was cutting 4,450 jobs, including 3,500 at its investment bank and 950 in Ireland, as it attempts to reduce risk and prepare for tougher regulations and economic conditions.