Worldline to Cut About 1,400 Jobs for €200 Million Annual Savings
- Company seeks to cut annual costs by €200 million from 2025
- Worldline employs about 18,000 staff in more than 40 countries
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Worldline SA is looking to lay off as much as 8% of its global workforce as the troubled payment processing firm launches a cost-cutting program.
The Paris-based firm, which employs about 18,000 staff across more than 40 countries, has initiated talks with unions on job cuts, the company said in a statement Wednesday. The cuts are part of an effort to reduce the firm’s annual cost base by about €200 million ($215 million) from 2025. The firm expects to sustain about €250 million of implementation costs.