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 Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
240 jobs Number of planned job creations
Announcement Date
14 June 2010
Employment effect (start)
1 January 2010
Foreseen end date
30 December 2010
Description
Zurich Insurance has announced up to 120 new jobs at its European centres in Dublin. For nearly two years the Zurich Insurance Group has been recruiting staff for its Irish sites. So far this year 120 jobs have been filled at its new business centre in Wexford. It has now emerged that an additional 120 people will be recruited before the end of 2010 at the company's two European centres in Dublin. This will bring total new job creation in Ireland to 240 by the end of 2010.
Zurich - which employs 60,000 people worldwide - has suggested that it considered various other locations, but that Ireland had stood out because of its participation in the euro single currency, and its highly educated and skilled workforce. The new jobs will mean that a total of 1,100 will be employed by Zurich Insurance in Ireland.
Sources
14 June 2010: RTE
Citation
Eurofound (2010), Zurich Insurance, Business expansion in Ireland, factsheet number 70638, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70638.
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.
