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
250 jobs Number of planned job creations
Announcement Date
9 December 2010
Employment effect (start)
Foreseen end date
29 June 2012
Description
Financial services company Citi has announced 250 jobs in Dublin and Waterford within the next 18 months, bringing its staff numbers in Ireland close to 2,500. The expansion is backed by IDA Ireland, and grants will be given for some of the jobs being created.
Citi has had a presence in Ireland for 45 years and currently employs 2,200 staff. The new posts, most of them in the group's global transactions division, will mainly be aimed at graduates. Ireland faced competition from other countries for the new jobs, and Citi says Ireland was chosen because of the calibre of its existing employees and IDA support.
Sources
9 December 2010: RTE
Citation
Eurofound (2010), Citi, Business expansion in Ireland, factsheet number 71267, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71267.
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