All 708 staff from Barclays House in Poole are to be relocated, leaving the landmark property vacant for the first time since it opened 46 years ago.
Staff were informed of the decision on Wednesday 26th January.
Dorset Biz reports the majority of the 708 permanent staff – 429 – to new offices in Bournemouth. A further 174 will be relocated to sites across the UK including Glasgow, Greater Manchester and Northampton.
The total net loss of jobs is expected to be around 50 but Barclays says up to 40 new roles could be available for those affected.
A statement from Barclays said: “In order to drive greater collaboration between teams, Barclays has announced it plans to exit Barclays House, Wimborne Road, Poole, by the end of the year.
“The announcement will see the majority of colleagues being relocated to new office premises at The Helm, Holdenhurst Road, Bournemouth continuing the bank’s longstanding commitment as a major employer in the region.
“Other roles will be relocated bringing teams closer together helping to drive future collaboration at our UK sites including Glasgow, Greater Manchester and Northampton; where we have invested in new campuses and office space. These changes enable us to innovate at pace for the customers and clients we serve.
“We will do everything we can to support colleagues impacted by the changes announced, including supporting redeployment where possible and working closely with Unite.
“As yet, no decision has been made with regard to the future or disposal of Barclays House.”