Banking giant Barclays says it will hold talks with staff before revealing the impact plans for 14,000 job losses will have in Derbyshire.
The bank revealed plans for job cuts nationally and branch closures across the UK this morning in a 'strategy update'.
But it has declined to go into detail, saying it will discuss its plans with employees before announcing where the cuts will fall.
The update said the bank was looking for cost savings across its high street, business banking and wealth management divisions.
Half the job cuts are likely to fall in its investment banking arm.
Barclays chief executive Antony Jenkins said: "In the future, Barclays will be leaner, stronger, much better balanced and well positioned to deliver lower volatility, higher returns, and growth.
"My goal is unchanged: to create a Barclays that does business in the right way, with the right values, and delivers the returns that our shareholders deserve. However, the way in which we will achieve this is different.
"Today we are setting out how we will reach that goal and create the „Go-To‟ bank for our customers and clients, our colleagues and our shareholders."
