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Total System Services, Inc. Message Board

  • memeandme49 memeandme49 Feb 11, 2011 8:56 PM Flag

    TSYS degradation or Cost-Saving StrategiesOn

    Cost-Saving Strategies On January 20, 2010, TSYS announced a cost-reduction plan to close a revenue gap which resulted from the global recession. The result would be a 5% staff reduction, primarily in the US, by the end of February 2010. A global hiring freeze was also announced. Merit increases in pay were suspended and discretionary contributions to the employees' retirement plans were eliminated.

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