London – The Wonga call centre staff headcount in Cape Town that supports the UK business would be reduced over time after the short-term loan platform announced plans to eliminate 325 jobs, a third of its workforce, to help it meet tough new rules that may put some payday lenders out of business.
Employees in London, Dublin, Cape Town and Tel Aviv will be affected as part of a plan to save about £25m (R444.59m) in costs over the next two years, Wonga said in an e-mailed statement on Tuesday. The London-based company, which currently employs 950 people, will close its Tel Aviv office this year and Dublin in 2016.
The South African consumer lending business www.wonga.co.za was unaffected by Tuesday's news.