Aug 02 - Chamber of Commerce Welcomes Barclays' Decision to Stay in Gibraltar
The Gibraltar Chamber of Commerce has today welcomed Barclays’ decision to continue its operation in Gibraltar, even though employee numbers are set to drop over the next few months.
The Chamber explained that their board of directors has met with senior members of Barclays’ UK management team and have also been in contact with the All Party Parliamentary Group in the House of Commons. The efforts of the Chamber have been directed at persuading them of the value and viability of Barclays’ operations in Gibraltar.
The Chamber once again met with Barclays Gibraltar’s management following their announcement earlier this week. The Chamber claims that it will continue to lobby for a full and meaningful presence into the future.
Barclays has insisted that their focus is now on the review of staff numbers. The Chamber is set to resume dialogue with the banking giant once redundancy figures are discussed.
A statement released by the Chamber notes that as a long standing and valued member of Gibraltar’s business community, they will work with Barclays’ management to convince them of further opportunity, which may exist to develop their business in Gibraltar. The statement adds, ‘In this regard, the Chamber welcomes Barclays’ intention to consult with it and more widely with the local community and encourages them to make the necessary additional investment in their operations in Gibraltar.’
