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.
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
Announcement Date
27 February 2004
Employment effect (start)
1 February 2004
Foreseen end date
Description
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.
Sources
27 February 2004: Automatisering Gids
Citation
Eurofound (2004), Interpay, Internal restructuring in Netherlands, factsheet number 60255, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60255.
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