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
160 jobs Number of planned job creations
Announcement Date
14 May 2013
Employment effect (start)
14 May 2013
Foreseen end date
31 January 2014
Description
Lloyds Bank has announced plans to create 160 new jobs in Belfast within the next year. The new jobs will mainly be in the fraud operations. The job creation is part of the company’s plan of creating altogether 275 new jobs (most of them in Belfast and Pitreavie, Scotland). This last move is part of a wider cost savings plan (see Lloyds-2013). As of 23 May 2013 no further information has become available on the case.
Sources
14 May 2013: BBC News
Citation
Eurofound (2013), Lloyds, Business expansion in United Kingdom, factsheet number 75425, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75425.
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.
