The Vilnius-based Barclays technology center is considering cutting the number of its staff by a third.
Barclays
© Shutterstock

According to a statement released late on Saturday, up to around 350 jobs might go or may be moved abroad. Barclays currently employs around 1,200 people in Vilnius.

The Barclays center's chief executive Mariano Andrade Gonzalez said the move was related to the bank's long-term global strategy and process optimization.

„We always consider various opportunities to optimize our activities around the world, including the United States, India, Asia and the Pacific Ocean region as well as the United Kingdom and Europe, including Lithuania. We would like to stress that these plans are being considered globally and have nothing to do with the investment climate in Lithuania", he said in the statement.

„No decisions as yet have been made regarding Barcleys' further strategy in Lithuania, including the Rise Vilnius startup working space", Andrade Gonzalez said.

The Barclays Technology Centre Lithuania was opened in Vilnius in May, 2010, and a human resources management center was opened in 2014.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

France's payment solutions group seeks to buy Lithuanian tax services provider

France's payment solutions group Edenred has applied for regulatory approval to buy EBV Finance ,...

MG Baltic owner tells court group had no relations with political parties

MG Baltic , one of Lithuania's largest business groups, maintained no relations with political...

Nauseda: Finland's proposal on cohesion and agriculture funding unacceptable

The proposal of Finland , holding the rotating EU presidency , on the EU next multiannual financial...

Central bank: corporate tax hike better alternative to bank asset tax

The Bank of Lithuania sees the Seimas' proposal to raise the corporate income tax rate for banks...

Lithuanian companies offered 40000 eur to transfer CERN technologies

Lithuanian Innovation Centre (LIC), together with Sunrise Valley Science and Technology Park and...