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
200 jobs Number of planned job creations
Announcement Date
5 May 2016
Employment effect (start)
1 February 2017
Foreseen end date
Description
Capital One, the financial company, is relocating its business to 'Silicon Roundabout' in east London and in the process it will create 200 new jobs. The new positions will be for software engineers. The location is so-called due to the high density of web-based jobs which are supported in the area, and a spokesperson for the company noted the advantages of being based in a location which attracts high quality job applicants. In addition to the new jobs, 50 existing London based staff will also be housed at the site. The new site will be operational from February 2017.
Sources
Citation
Eurofound (2016), Capital One, Business expansion in United Kingdom, factsheet number 87453, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87453.
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