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
300 jobs Number of planned job creations
Announcement Date
7 September 2006
Employment effect (start)
Foreseen end date
Description
Chicago-based Northern Trust Corporation confirmed on 7 September 2006 that it plans to establish a second Irish fund administration operation at the National Technology Park in Limerick. The project will create 300 jobs. The company, which is regarded as one of the world's leading financial services institutions, already employs 400 people in Dublin's International Financial Services Centre (IFSC), where it established a fund services division in 2000.
Sources
8 September 2006: The Irish Independent
8 September 2006: The Irish Times
Citation
Eurofound (2006), Northern Trust Corporation, Business expansion in Ireland, factsheet number 64030, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64030.
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