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
140 jobs Number of planned job creations
Announcement Date
26 May 2008
Employment effect (start)
Foreseen end date
Description
FEXCO, the customer service provider based in Killorglin, Kerry is to create 140 jobs following the launch of a new customer service partnership with Bord Gáis, the Irish state gas supplier for a five-year contract.
FEXCO was set-up in 1981 to operate Bureau de Change facilities throughout Ireland. Since then, FEXCO has become a multi-facetted company operating global payments through many individual products. These include the operation of Western Union Money Transfer, Dynamic Currency Conversion, Stockbroking, Vat Refunds, Call Centres, International Corporate Payments and Travel Related Services. The company has operations in Ireland, UK, Spain, Malta, Australia, Finland, Denmark, Sweden, USA and Dubai.
Sources
27 May 2008: The Irish Times
Citation
Eurofound (2008), FEXCO, Business expansion in Ireland, factsheet number 66658, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66658.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
