Région Wallonne; Prov. Brabant Wallon;
Location of affected unit(s)
Waterloo, Brabant Wallon
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding
New offshoring locations

134 jobs
Number of planned job losses
Job loss
Announcement Date
2 September 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 December 2009


Mastercard, a financial mediation company, is about to relocate 134 jobs from its European headquarter located in Waterloo, in the south of Brussels to the United States. Mastercard intends to relocate some its activity, "global technology and operations." This decision is part of a strategic plan that began in 2005 and reorganised the activities of the company. According to management, the decision was accelerated by the consequences of the crisis. The trade unions involved fear an important collective redundancy process. Because of the young age of the staff, it will not be possible to use early-retirement to avoid direct dismissals.


  • 3 September 2009: Le Soir
  • 3 September 2009: L'Echo


Eurofound (2009), MasterCard, Offshoring/Delocalisation in Belgium, factsheet number 69506, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69506.