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 64.19 - Other monetary intermediation
400 jobs Number of planned job creations
Announcement Date
4 March 2020
Employment effect (start)
4 March 2020
Foreseen end date
Description
Starling, the UK-based digital bank has announced that it will create 400 new jobs in its newly opened office in Cardiff, Wales by the end of 2020. The new jobs are in data science, fraud and customer service.
Starling was founded in 2014 and it offers personal and business accounts. It has offices in London and Southampton and employs 800 people.
Commenting on the coronavirus emergency, the bank’s CEO said that the bank could be run remotely because the service is not tied to a particular location.
Eurofound (2020), Starling Bank, Business expansion in United Kingdom, factsheet number 100283, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100283.
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.
