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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
400 jobs Number of planned job creations
Announcement Date
12 June 2017
Employment effect (start)
Foreseen end date
12 June 2022
Description
Financial services company Northern Trust plans to create 400 new jobs in Limerick over the next five years. Northern Trust employs around 1,000 people in Ireland. No details have been provided on what types of jobs are being created. The expansion by Northern Trust is being supported by IDA Ireland.
Northern Trust has been operating in Ireland since 1989.
Sources
12 June 2017: RTE
12 June 2017: Silicon Republic.com
Citation
Eurofound (2017), Northern Trust, Business expansion in Ireland, factsheet number 91154, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91154.
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.
