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
250 jobs Number of planned job creations
Announcement Date
25 January 2006
Employment effect (start)
Foreseen end date
Description
Financial services group Citco is to create more than 250 new jobs in two projects in Cork. The investment will bring to 850 the number employed by the group in its Irish operations.
The new Citco projects, which will receive assistance from IDA Ireland, involve the opening of a second hedge fund administration centre in Cork and the expansion of its existing data processing operation. In Ireland since 1999, Citco already employs 600 people at operations in the International Financial Services Centre in Dublin and at Cork Airport business park.
Sources
20 January 2006: The Irish Times
Citation
Eurofound (2006), Citco, Business expansion in Ireland, factsheet number 63072, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63072.
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