SIX, the Swiss financial infrastructure provider, will eliminate as many as 100 jobs after the integration of the card terminal services of Aduno. The company will also adjust the number of offices it inherited through the acquisition.
SIX, which also operates the Swiss stock exchange, evaluated the number of jobs and offices following its acquisition of Aduno, a rival provider of card terminals. The company now has decided that it will shed as many as 100 jobs and close two former Aduno branches.
SIX will base all employees in the acquiring and terminal business at its Zurich headquarters. The branch closure will become effective at the end of 2018, SIX said in a statement today.
White Knight: No Job Guarantee
The Swiss financial-services provider in August had trumped Germany’s Concardis in taking over Aduno, being hailed as a white knight. The Swiss solution however didn’t come with a job guarantee.
High-Profile Departure
Ten days ago, SIX announced a sweeping reorganization including the outsourcing of payment services. Today, the company also reported that the head of the payment-service division, Juerg Weber, had resigned as a consequence.
Weber also had aspired to become CEO of SIX but the company had opted for Jos Dijsselhof in his stead.
