Nets announces cost reductions

Press release

​To further improve competitiveness, Nets has announced a plan to reduce costs. Up to 175 positions across the Nordic countries might potentially be affected.

​The management in Nets has decided to introduce a plan to reduce costs as a response to the increased consolidation in the payments business where innovation, digitization and cost leadership are key to stay competitive.

 

This means that up to 175 positions might potentially be made redundant across Nets in Denmark, Finland, Norway and Sweden.

 

"We want to continue the transformation of Nets and further improve efficiency and reduce costs, which will allow us to invest in our growth ambitions and strengthen our market position. Unfortunately, this means that several jobs will be made redundant affecting staff across our organisation", says Bo Nilsson, CEO of Nets.

 

Today, Nets has 2,400 employees across the Nordics and in Estonia.