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 / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
300 jobs Number of planned job creations
Announcement Date
7 September 2006
Employment effect (start)
Foreseen end date
Description
Chicago-based Northern Trust Corporation confirmed on 7 September 2006 that it plans to establish a second Irish fund administration operation at the National Technology Park in Limerick. The project will create 300 jobs. The company, which is regarded as one of the world's leading financial services institutions, already employs 400 people in Dublin's International Financial Services Centre (IFSC), where it established a fund services division in 2000.
Sources
8 September 2006: The Irish Independent
8 September 2006: The Irish Times
Citation
Eurofound (2006), Northern Trust Corporation, Business expansion in Ireland, factsheet number 64030, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64030.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...