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; Newry, Mourne and Down
Location of affected unit(s)
Newry
Sector
(61 - 63) Information / Computing 62 - Computer programming, consultancy and related activities 62 - Computer programming, consultancy and related activities 62 - Computer programming, consultancy and related activities
200 jobs Number of planned job creations
Announcement Date
27 September 2018
Employment effect (start)
Foreseen end date
1 October 2021
Description
First Derivatives, a software company which specialises in financial analysis software, has announced plans to create 200 new jobs at its headquarters in Newry, Northern Ireland, as it seeks to expand into new markets. The jobs will be added over a three year period and are part of a worldwide increase of around 1,000 jobs over the same time frame. As of October 2018, the business employs around 2,400 people worldwide. As part of the expansion, First Derivatives will be opening new premises in Newry which will accommodate 200 workers.
Sources
Citation
Eurofound (2018), First Derivatives, Business expansion in United Kingdom, factsheet number 95707, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95707.
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...