Barclays to axe Woolwich brand from high street

Barclays is axing its Woolwich brand and cutting up to 1,200 jobs as part of a two year shake-up plan.

Although the majority of Woolwich branches will be rebranded Barclays, those within 300 metres of each other will be merged. However, Barclays says the name will continue to be used as a brand for its mortgage products.

The job cuts will come through the closure of three call centres in Bexleyheath in Kent, Clacton in Essex, and Dudley in the West Midlands, but Barclays says there should be no job losses as a result of branch closures.

Woolwich was bought by Barclays in 2000, and its name is due to disappear from high street branches from next February.