BARCLAYS is to cut 244 jobs in Glasgow with the closure of a centre which handles claims for mis-sold payment protection insurance.
The bank said that it had decided to close the centre in Glasgow next March following a drop in the volume of payment protection insurance (PPI) cases.
The lease for the site comes up for renewal that month and Barclays has decided not to negotiate a new lease as that would require a commitment for many years.
Barclays said it would work to help the 137 permanent and 107 temporary staff affected access the support they need.
It is possible some staff may be redeployed elsewhere.
A Barclays spokesman said: “In the last three years, Barclays has invested significantly in resolving PPI cases, including a designated centre in Glasgow. Over recent months, the volume of PPI cases has fallen and this reduction means the centre’s role has been fulfilled, with further PPI cases to be managed through existing support centres.
“The lease on this Glasgow site also expires in 2014 and would require a multi-year commitment. Having evaluated all the possible options, we made the decision not to negotiate a new lease.
“Given the nature of the work at the centre, we employ a significant number of temporary staff, however some permanent roles are also affected by today’s announcement.
“We are committed to working with all impacted colleagues to ensure they have access to the support and services they require, including possible redeployment options.”