Restructuring events
European Restructuring Monitor (ERM)
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 provider Clearstream announced the creation of 100 new jobs at their Cork site by the end of 2020. The company plans to recruit employees with business, commerce and finance qualifications, over the next 12 to 18 months. According to the management, the business expansion shows the company's commitment to the local community, as the latter constitutes a great ecosystem for the sector of activity and for the talent pool. IDA Ireland has supported the jobs measure.
Subsidiary of Deutsche Börse, the company provides fund processing, product development and several administrative functions and it handles around €2-million-worth transactions per month across 48 jurisdictions.
Eurofound (2019), Clearstream, Business expansion in Ireland, factsheet number 98592, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98592.