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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.0 - Computer programming, consultancy and related activities
250 jobs Number of planned job creations
Announcement Date
17 November 2016
Employment effect (start)
17 November 2016
Foreseen end date
31 December 2018
Description
Bucharest-based technology centre/hub ING Software Development Center, a subsidiary of Dutch financial services group ING, is to create 250 IT jobs by the end of 2018. The company currently employs 257 people.
ING Software Development Center was set up in Romania in 2015. This is the only development centre the group owns, where IT engineers develop apps and software solutions for all ING's subsidiaries across the world. The Dutch company will invest 800 million euro in the five next years (2016-2021) for the digital transformation of the group.
ING Services Romania has announced another job creation earlier this year.
Dutch financial services group ING plans to recruit over 200 IT specialists by 2018 at its ING Software Development Center in Romania set-up in 2015 in a bid to reach 500 overall. ING's IT hub in Bucharest is the only development centre the group owns, where Romanian IT engineers focus on the development of apps and software solutions for all ING's subsidiaries across the world. At the end of October 2016, local ING's employee base numbered 257 individuals, which is set to reach 270 by the end of 2016.
Dutch financial services group ING plans to recruit over 200 IT specialists by 2018 at its ING Software Development Center in Romania set-up in 2015 in a bid to reach 500 overall. ING's IT hub in Bucharest is the only development centre the group owns, where Romanian IT engineers focus on the development of apps and software solutions for all ING's subsidiaries across the world. At the end of October 2016, local ING's employee base numbered 257 individuals, which is set to reach 270 by the end of 2016.
Dutch financial services group ING plans to recruit over 200 IT specialists by 2018 at its ING Software Development Center in Romania set-up in 2015 in a bid to reach 500 overall. ING's IT hub in Bucharest is the only development centre the group owns, where Romanian IT engineers focus on the development of apps and software solutions for all ING's subsidiaries across the world. At the end of October 2016, local ING's employee base numbered 257 individuals, which is set to reach 270 by the end of 2016
Sources
17 November 2016: Wall Steet Romania
17 November 2016: romaniajournal.ro
17 November 2016: ibusiness.com.ro
17 November 2016: forbes.ro
Citation
Eurofound (2016), ING Services Romania, Business expansion in Romania, factsheet number 89150, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89150.
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.
