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.
Information / Communication Information Service Activities Digital Infrastructure Services 63.11 - Data Processing, Hosting And Related Activities
1,440 jobs Number of planned job losses
Announcement Date
7 February 2024
Employment effect (start)
7 February 2024
Foreseen end date
Description
French payment service provider Worldline has announced that it will cut about 1,440 jobs worldwide, including 330 positions in France.
The conditions of the programme will be negotiated with employee representatives according to local regulations. The company wants the departures to be on a voluntary basis.
The redundancies are part of a wider transformation project, dubbed the ‘Power24 Plan’ announced in October 2023. The goal of the plan is to reduce costs by around €200 million in 2025.
Worldline is the global leader in secure payments and transactions. The company employs 18,000 people in 40 countries worldwide.
Previous reorganisations were recorded in the ERM Database, with 750 job creations in 2017 Worldline-2017-FR, and 300 job creations in 2020 Worldline-2020-FR, as well as the current restructuring event in France Worldline-2024-FR.
Eurofound (2024), Worldline, Internal restructuring in World, factsheet number 200834, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200834.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
