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.
France, Spain, Portugal, Lithuania, Poland, the United Kingdom, the United States
Sector
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other monetary intermediation
The company has launched a recruitment process to build its global sales force, so creating 1,000 new jobs in seven countries: France, Lithuania, Poland, Portugal (around 100 jobs), Spain, the United Kingdom, and the United States. Revolut is looking for sales representatives with a minimum of six months experience in B2B sale and with knowledge of foreign languages, especially, English, French, German or Spanish. The Polish unit is expected to be the biggest beneficiary of the programme, but, so far, there is no information on how many jobs will be created in Poland under the process.
Additionally, Revolut is looking for 120 candidates for its financial crime operations department and 80 for its customer support department in Kraków, Poland, while in Lithuania, Revolut will be expanding its banking, financial crime and money laundering prevention and customer service teams by 100 jobs. In Portugal, 70 new roles will be created across areas like financial crime, data analysis, operations, back-end and front-end engineering, learning and development teams, copywriting, recruitment, support and customer support.
Headquartered in London, Revolut was founded in 2015. The company provides global financial applications for money transfer and exchange. Currently, the company employs 2,500 people worldwide. For previous restructuring events see Revolut2018 - UK and Revolut2019 - PT.
Eurofound (2021), Revolut, Business expansion in World, factsheet number 104420, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104420.
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.
