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
24 January 2017
Employment effect (start)
Foreseen end date
31 December 2021
Description
Financial services firm FinTrU has announced plans to create 160 new jobs in Northern Ireland. The company carries out a range of services including financial reporting and legal compliance, for clients such as investment banks. FinTrU has recently moved into larger new offices in south Belfast and is anticipating adding the 160 new staff over a period of five years. The move is being supported by grants of over GBP 1 million (€ 1.16 million) from Invest NI. Around 100 of the new positions will be for graduates and around 60 will be filled by more senior staff.
Sources
24 January 2017: Belfast Telegraph
24 January 2017: BBC Website
Citation
Eurofound (2017), FinTrU, Business expansion in United Kingdom, factsheet number 90118, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90118.
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.
