Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

650 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2004
Employment effect (start)
1 February 2004
Foreseen end date


Interpay was founded as a subsidiary of the Dutch banks to create, develop and manage an efficient payment infrastructure. Interpay wants to focus on the electronic payments activity because it is on that market that the company sees the most growth capacity abroad. Interpay is therefore outsourcing some services and activities and reducing its personnel in the Netherlands. 650 jobs will be axed but no direct dismissals are foreseen. A social plan has been negotiated with the unions in order to accompany the employees in their search for a new job.


  • 27 February 2004: Automatisering Gids


Eurofound (2004), Interpay, Internal restructuring in Netherlands, factsheet number 60255, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60255.