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 - Financial service activities, except insurance and pension funding
117 jobs Number of planned job creations
Announcement Date
16 January 2007
Employment effect (start)
31 January 2007
Foreseen end date
31 December 2007
Description
The US financial company Citigroup has announced further expansion at its Belfast offices.
It is planning to create 117 jobs by setting up a new operations division during the course of this year. Recruitment will begin at the end of January. The investment is being supported with a grant of 1.6 million GBP from Invest Northern Ireland. The recruitment will bring the total employment to more than 600 staff by the end of this year. The company's Jim Foster said: 'This is the first such operations group in Northern Ireland and offers significant opportunities for people to enter the investment banking business.'
'We look forward to continuing our success in Belfast and hope to see this new division up and running by March with our first new recruits on board.'
Leslie Morrison, chief executive of Invest NI, said it would 'further enhance Northern Ireland's growing reputation and attraction as a world class centre for financial services companies'.
He added: 'Citigroup's growth in Northern Ireland is a tremendous endorsement of the available skills and the rapidly developing knowledge base which global companies need in order to remain competitive.'
The deputy leader of the SDLP, South Belfast MP Alasdair McDonnell, said he was delighted by the jobs news.
'I have consistently argued that what Belfast needs are high value, high skill jobs to boost economic growth.'
'I am delighted that the Belfast economy continues to move down this road,' Mr McDonnell said.
Sources
16 January 2007: BBC News
Citation
Eurofound (2007), Citigroup, Business expansion in United Kingdom, factsheet number 64784, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64784.
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