Metavante employees likely to lose jobs after pending merger with Fidelity National

Metavante employees likely to lose jobs after pending merger with Fidelity National
Tags: Bank / Credit Union, EFT Networks, North America, Public Companies, Transaction Processing, Trends / Statistics
April 1, 2009

The Business Journal of Milwaukee: Some of Metavante's 2,700 employees in the Milwaukee area are likely to lose their jobs as a result of the pending merger of the Brown Deer-based company with Fidelity National Information Services Inc. Executives at Jacksonville, Fla.-based Fidelity National said they expect the merger to result in $260 million in cost cuts. The management of both companies will decide over the next two months where to cut jobs, said Don Layden, senior executive vice president of Metavante.

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