Restructuring events
European Restructuring Monitor (ERM)
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.
Citibank Europe – which is part of Citigroup - is to cut 168 roles in Ireland as part of its global cost-cutting programme.
Citigroup has said Ireland would continue to play an important role in its global network. In January of 2024, Citigroup reported its worst quarter in 15 years and announced it would shed up to 20,000 roles globally over the next three years.
Citibank Europe has its EU banking headquarters in Dublin and currently employs approximately 2,900 people in the Republic of Ireland.
The global restructuring programme of Citigroup has been recorded in the ERM events database Citigroup-2024-WO.
Eurofound (2024), Citibank Europe, Internal restructuring in Ireland, factsheet number 201124, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201124.