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.
Northern Ireland; Northern Ireland; Derry City and Strabane
Location of affected unit(s)
Londonderry
Sector
(64 - 68) Financial / Insurance/ Estate 65 - Insurance, reinsurance and pension funding, except compulsory social security 65 - Insurance, reinsurance and pension funding, except compulsory social security 65 - Insurance, reinsurance and pension funding, except compulsory social security
150 jobs Number of planned job creations
Announcement Date
5 March 2007
Employment effect (start)
1 May 2007
Foreseen end date
Description
Insurance firm AXA is set to create 150 jobs in Londonderry. The company has announced it will invest 15 million GBP in the development of a new customer service centre on the Northlands Road. The call centre is due to open in May 2007 and is being supported by Invest Northern Ireland. Lorna Preston, business support manager of AXA Insurance, said: 'Derry offers us a business-friendly environment and a supply of suitably qualified people.'
'We are delighted to be joining a growing cluster of financial services companies operating in the north west.'
Invest NI is providing 1.5 million GBP towards the cost of the venture.
Sources
5 March 2007: BBC News
Citation
Eurofound (2007), AXA, Business expansion in United Kingdom, factsheet number 65066, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65066.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...