UK banking giant axing staff before Christmas union

Barclays is reportedly slashing 900 jobs to ?restructure business?

British banking giant Barclays will cut 900 jobs across its domestic business, trade union Unite revealed on Tuesday, calling the bank's move "disgraceful" in the run-up to Christmas.

According to Unite, the cuts would mostly target the bank's back-office divisions such as compliance, finance, legal, policy, IT and risk.