Stories from Horgen · Switzerland

Swiss credit card provider SwissCard is reducing its workforce by 40 positions. The layoffs affect approximately 6.1% of its total 650 employees. The company confirmed the staff reductions are part of a broader reorganization process. The announcement follows the recent acquisition of the firm. The job cuts are part of a company reorganization at its Horgen headquarters. The announcement follows a report by Blick regarding the company's restructuring efforts. A social plan will be implemented following the takeover. The company confirmed the layoffs to the Kisto and STA news agencies.