Barclaycard says up to 150 jobs are at risk across its UK businesses, and the “majority” of affected roles are at its Northampton headquarters.
The Brackmills-based firm, which is one of the town’s biggest employers, says it is in consultation with staff union Unite over the planned cuts in the operations and technology department.
Despite the redundancies, Barclaycard said Northampton remained a “key” site for its operations. About 3,000 staff currently work at Pavilion Drive.
A Barclaycard spokesman said: “We have recently started a dialogue and formal consultation with Unite, the staff representative body, about proposals to transform the way we deliver change for Barclaycard’s UK businesses.
“While this consultation process is at a relatively early stage, we believe that 150 UK-based permanent roles delivering change in Barclaycard operations and technology may be at risk of redundancy.
“We will work closely with Unite to keep potential redundancies to a minimum, and will be offering staff continuing support as we work through the consultation process.
“While this programme may impact several sites across the UK, it is expected that the majority of impacted colleagues will work within our Northampton site.
“We have, however, made substantial investment in Northampton over the years and the site remains a key strategic and operational centre.”
Northampton South MP Brian Binley said: “I want to be whatever help I can to the company, or those who may be affected by any redundancies.
“I have kept in regular contact with Barclaycard over the years and know they have made considerable investment in Northampton, and sometimes have to find ways of becoming more productive.
“I have no doubt they will be in Northampton for many years to come.”