The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other Monetary Intermediation
120 jobs Number of planned job creations
Announcement Date
1 November 2023
Employment effect (start)
1 November 2023
Foreseen end date
31 December 2023
Description
Revolut, a UK-based neobank and financial technology company, has announced the creation of 120 new jobs by the end of 2023. Currently, the company intends to double its team in Romania, which should reach 240 employees. It plans to recruit local professionals for the technical teams (more than 40 positions for IT engineers and another 40 positions in human resources).
Globally, the company employs more than 7,500 people in 47 countries. Its largest centres, with more than 1,000 employees each, are located in Poland, Portugal and Spain.
Although the employment footprint of the company is relatively small in Romania, the country is one of the most important markets in terms of the number of users. Revolut has more than 3 million customers in Romania, the second largest portfolio in its global market and the largest portfolio in the European Union.
Eurofound (2023), Revolut, Business expansion in Romania, factsheet number 200498, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200498.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
