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 64.9 - Other financial service activities, except insurance and pension funding
200 jobs Number of planned job creations
Announcement Date
2 July 2020
Employment effect (start)
Foreseen end date
Description
The British financial and banking company Barclays is to create 200 new technology jobs in the Czech capital Prague.
The firm has already started the recruitment campaign, looking for experts in software development, project management, risk and business analysis.
It is the second business expansion of the company in Czech Republic during 2020, after that 250 employees of the service provider EPAM have been transferred to Barclays at the beginning of the year. The Prague site currently employs around 800 people.
Barclays is a multinational investment bank and financial services company with the headquarters in UK, operating in Europe, United States, Russia, China, Australia, Brazil and other geographical areas.
Eurofound (2020), Barclays, Business expansion in Czechia, factsheet number 101239, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101239.
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.
