Barclays fat cat bonuses

Barclays has announced that it has increased its bonus pool for 2013 by 9% to almost £2.4 billion from £2.2 billion in 2012. At the same time, it announced plans to make 12,000 redundancies this year, 7,000 of them in the UK.

Unite national officer Dominic Hook said: “Despite claims there would be no return to its old ways, Barclays is increasing bonus pools for those already paid unimaginably high salaries. At the same time, the bank continues to announce thousands of job losses for ordinary workers.”

www.theguardian.com/business/2014/feb/11/barclays-hikes-bonuses-profits-slide

www.unitetheunion.org/news/barclays-boosts-bonuses-while-slashing-staff