Job Losses in Barclays in Cardiff

Part of 4. Topical Questions – in the Senedd at 3:31 pm on 20 June 2018.

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Photo of Ken Skates Ken Skates Labour 3:31, 20 June 2018

Can I thank the Member for his question? Our intelligence suggests that the opposite is happening and will continue to happen: that as we see a reshoring of jobs into Wales—and there is evidence that that is already taking place—we will see senior-tier opportunities created. But, of course, the global shift, driven by automation and artificial intelligence, will see a significant number of lower-tier jobs lost. But those lower-tier jobs are those that were offshored in the 1990s and the noughties. What we will see in the future is Wales benefiting from a reshoring of jobs. Actually, in terms of jobs that have been created more recently, particularly in Cardiff and Swansea, those businesses that have moved here have also shifted senior appointments here. So, they include the likes of Aon, Which? and TUI—good opportunities right through the progression of a career, from entry level through to a senior managerial position.  

On the decision that was made by Barclays, my understanding is that the decision was reached not just within the UK, but as a consequence of deliberations overseas, far afield, where people may not be aware of the relative difficulties that there might be in securing suitably skilled employees in Northampton. Again, I wish to understand exactly where the decision was made, when it was made, and what sort of consultation took place, and particularly whether any consultation took place with the trade unions before the decision was reached.