Monday, March 01, 2004

Interpay cuts jobs and will sell giro-services

Alerted by a brief article in De Financiƫle Telegraaf, Het Financieele Dagblad reportedmore details on the changes at Interpay:

-350 of the 1750 employees will lose their job but get an offer to do something else,

-300 of the 1750 employees will move to either synsis or paysquare or the company that will take over giro-processing,

-1050 full time equivalent employees will remain to do mostly electronic processing,

-the credit-card acquiring activities will be done by a daughter company Paysquare.