Wilmington will lose 500 jobs from the Barclays headquarters as the company relocates those positions to its "new, state-of-the-art" campus in New Jersey, the company announced Wednesday.
“Wilmington has long-served as, and will continue to be, the strategic headquarters for Barclays’ US consumer banking division,” said Barry Rodrigues, Chief Executive Officer, Cards and Payments, Barclays, in a release. “We continue to invest in our Wilmington headquarters and Whippany campus to support our fast-growing consumer business. In addition, we remain steadfast in our commitment to support the community through our philanthropic efforts, partnering with non-profit organizations to help make a positive impact in the lives of Delawareans and New Jerseyans every day.”
The New Jersey campus currently houses "nearly 1,900" employees currently.
The move is scheduled to begin this fall and be completed by the end of the year. The company also noted it is offering relocation assistance for those moving. Those who do not choose to move will be offered a severance job transition services.
The organization did not say how many employees the Wilmington office currently houses.
Delaware's delegation, collectively, said they're grateful that Barclays consumer banking division will remain on Wilmington's Riverfront, but they're disappointed by the large number of workers affected by the announcement.
“Our delegation is committed to working with Governor Carney to do all we can to assist these employees and to ensure that Delaware remains a great place to live and work for everyone.
Our hearts go out to the families affected who are now having to make tough decisions. But it’s times like these that Delawareans roll up our sleeves and pull together to help our neighbors, and that’s exactly what is needed now," said Senators Coons and Carper and Congresswoman Blunt Rochester.