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 / Insurance/ Estate Financial service activities, except insurance and pension funding Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
300 jobs Number of planned job losses
Announcement Date
21 January 2025
Employment effect (start)
21 January 2025
Foreseen end date
Description
International financial services company, BNY Mellon, announced it is closing its office in Wexford town with the resulting loss of 300 jobs.
The closure of the Wexford site is the result of a global review of the bank’s real estate assets. There are approximately 310 employees employed at the Wexford office and it is understood that the vast majority of these will be made redundant with a very small number offered relocation or remote working. The company has entered a collective consultation process.
The global bank has had a presence in Ireland since 1994 and currently has offices in Cork, Dublin and Cork. The Cork and Dublin offices will not be impacted by the job losses.
Eurofound (2025), BNY Mellon, Closure in Ireland, factsheet number 202383, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202383.
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