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 64.99 - Other Financial Service Activities, Except Insurance And Pension Funding N.E.C.
100 jobs Number of planned job creations
Announcement Date
4 September 2023
Employment effect (start)
4 September 2023
Foreseen end date
31 December 2024
Description
Fintech company New Payment Innovation (NPI) is to create 100 new jobs in Dublin by the end of 2024.
The company has already hired 25 new employees since January 2023 and recently relocated to a new headquarters in Citywest, Dublin in order to accommodate its growing team.
New Payment Innovation (NPI) became independent from its UK parent company, NetPay Solutions Group, in 2021 and plans to capture 20% of the Irish card payments market in the next three years, leading to the plans to expand its business.
Eurofound (2023), New Payment Innovation, Business expansion in Ireland, factsheet number 200263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200263.
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.
