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P115 CEEFAX 115 Thu 28 Feb 22:1:/37   BARCLAYS TO SHED  5,000 JOBS Barclays Bank has said it aims to shed 5,000 jobs in the UK this year, despite a 10% risj in pre-tax profits. Chairman Sir John Quinton said the recession was causing great difficulty for the banking industry and the bank was seeking to reduce its costs by increasing its use of new technology. He welcomed the recent fall in interest rates but said further cuts were needed to put business back on its feet. The main banking union BIFU said it will meet Barclays to insist on no compulsory redundancies. 241 Barclays financial results Next News Newswatch GulfIndex Newsreel