Around 400 jobs are at risk in Belfast after stock exchange giant Euronext revealed it is pulling out of the city, The Belfast Telegraph reports. .
The company has revealed it’s ending its IT operation at its Adelaide Street office, which primarily deals with IT. It’s believed it’s moving operations to Portugal. A spokeswoman for the firm said: “IT is a core component of Euronext’s value proposition that enables us to run our markets and be the leading pan-European market operator.
“We want to get closer to our core markets where we are the leading market infrastructure. As a result we have decided to relocate IT operations from Belfast and rationalise our operating model.”In 2010, NYSE Euronext’s ‘centre of excellence’ at Adelaide Exchange opened, with plans to create around 400 jobs over the next few years with technology, operational and corporate positions.
But Euronext would not reveal how many staff are currently employed, or whether the Belfast office will be shut entirely.