Barclays to cut up to 20,000 jobs: reports

Barclays bank says it expects to trim its workforce by up to 20,000 jobs in the next three years - EPA Photo.

LONDON: Britain's scandal-hit Barclays bank is expected on Thursday to announce 20,000 job losses over the next three years in a major shake-up of its investment division, according to media reports.

Chief executive Antony Jenkins had already said that as many as 12,000 jobs worldwide would go this year out of a global workforce of about 139,000, but that could now be raised to 15,000, according to Sky News.