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

150 jobs
Number of planned job losses
Job loss
Announcement Date
27 April 2006
Employment effect (start)
Foreseen end date

Description

Payment processing company Interpay announced on 27 April 2006 that it will cut 150 jobs in the years to come. Reason for this reorganisation is that banks increasingly process credit card transactions themselves. Interpay expects no forced redundancies.


Sources

  • 30 April 2006: Het Financieele Dagblad

Citation

Eurofound (2006), Interpay, Internal restructuring in Netherlands, factsheet number 63433, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63433.