Citi

Type
Business expansion
Country
Ireland
Region
Ireland;
Location of affected unit(s)
Dublin, Waterford
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.19 - Other monetary intermediation
250 jobs
Number of planned job creations
Job creation
Announcement Date
9 December 2010
Employment effect (start)
Foreseen end date
29 June 2012

Description

Financial services company Citi has announced 250 jobs in Dublin and Waterford within the next 18 months, bringing its staff numbers in Ireland close to 2,500. The expansion is backed by IDA Ireland, and grants will be given for some of the jobs being created.

Citi has had a presence in Ireland for 45 years and currently employs 2,200 staff. The new posts, most of them in the group's global transactions division, will mainly be aimed at graduates. Ireland faced competition from other countries for the new jobs, and Citi says Ireland was chosen because of the calibre of its existing employees and IDA support.

Sources

  • 9 December 2010: RTE

Citation

Eurofound (2010), Citi, Business expansion in Ireland, factsheet number 71267, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71267.