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
120 jobs Number of planned job creations
Announcement Date
7 April 2022
Employment effect (start)
7 April 2022
Foreseen end date
31 October 2022
Description
American money transfer company Remitly is to create 120 jobs in Cork over the next six months. it is looking for customer protection associates, customer success team managers, and compliance analysts. Tánaiste Leo Varadka and IDA Ireland - which supports the company- welcomed the news.
The company provides digital financial services to immigrants and their families and established in Cork in 2020. It currently employs 110 people there. The office oversees customer service, money laundering, and anti-fraud operations, along with financial regulatory compliance.
The company was founded in Seattle in 2011 and employs 1,800 people worldwide.
Eurofound (2022), Remitly, Business expansion in Ireland, factsheet number 106712, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106712.
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.
