Barclays redundancies in Coventry show the brutal face of capitalism

Barclays redundancies in Coventry show the brutal face of capitalism

barclays

Barclays Bank

Barely two years after Barclays Bank closed its call centre at Walsgrave with the loss of hundreds of jobs, around 200 permanent staff and many more agency staff working at the Westwood Business Park centre were told this week that their jobs have moved to contact centres in Liverpool, Sunderland and India. As of the 31st December, staff won’t have jobs – to use Barclays’ terminology, they’ll “fall away”.

Unite, the union representing Barclays staff, says staff are “entitled to feel badly let down”. That is correct – they have been misled and treated as disposable. And any permanent staff who’ve been with Barclays for less than two years are being let go without redundancy pay, just 3 months “gardening leave”. Barclays didn’t even want to give staff that – Unite had to fight for it. Temporary staff are being let go at the end of the year with nothing.

The pack given out by senior management to staff, explains very matter-of-factly how much consideration has gone into his plans – as if staff care about that now they’ve sacked them.

This reflects the brutal reality of capitalism – workers can be discarded with the bare minimum of a payout.  Barclays employed staff who rigged the Libor rates and caused the financial crash – they’ve just laid off over 200 workers who do the difficult job of speaking to customers affected by fraud.

Barclays should be nationalised and brought in to public ownership – the banks and financial instituions that wreaked havoc on the working class of the UK and across the world and continue to act with callous disregard for their workers can’t be left in the hands of profit hungry capitalists. We need an economy that puts working class people first, that means breaking with capitalism.

Solidarity to all staff who are affected.

 

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s