Emer Higgins (Dublin Mid West, Fine Gael)
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The Protection of Employment Act 1977 imposes certain legal obligations on employers proposing collective redundancies. These obligations include engaging in an information and consultation process of at least 30 days with employees’ representatives, and to notify the Minister for Enterprise, Trade and Employment of the proposals at least 30 days before the first dismissal takes place.

A collective redundancy notification was received from Citibank on 19 March 2024.

Citi Group’s Irish management has confirmed to the IDA that “Citi commenced a collective consultation process with nominated representatives of impacted employees at its Dublin operations on 27 March 2024. Citi is currently working through that consultation process with employees’ representatives and is doing so in compliance with its obligations under applicable collective redundancy legislation."

They have also underlined to IDA that Citi remains fully committed to Ireland and that the expected headcount reductions are no reflection on the capability and track record of Citi’s Irish operations but instead, are the result of wider group global restructuring. Citi has confirmed that the bank remains committed to progressing the development of the bank’s new office (at a cost of €300 million) in Dublin and that Dublin will remain the headquarters for Citibank Europe plc.

As the current restructuring progresses, IDA will work closely with Citi Group to support impacted employees through various mechanisms such as profiling skillsets with a view to supporting future employment opportunities with alternative IDA clients.