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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
450 jobs Number of planned job creations
Announcement Date
6 November 2006
Employment effect (start)
Foreseen end date
Description
At least 450 jobs are to be created in Glasgow by First Data, the US group that processes electronic commerce and payment services around the world. The international arm of First Data, which is based in Colorado, recently signed a long-term agreement to provide credit card and loans processing for Barclaycard's partners in the UK. The decision is the latest boost to Glasgow's international financial services district (IFSD), which has created or safeguarded nearly 10,000 jobs since it was launched five years ago. The IFSD is being developed at Broomielaw, a formerly run-down section of the north bank of the Clyde, as a business area close to the city centre that can offer fast-track occupancy to UK or overseas financial organisations seeking to relocate.
Sources
6 November 2006: The Financial Times
Citation
Eurofound (2006), First Data, Business expansion in United Kingdom, factsheet number 64411, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64411.
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