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325 jobs at risk: Wonga to close Dublin office in mid-2016

byCustoms Today Report
24/02/2015
in Uncategorized
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DUBLIN: Wonga would close its Dublin office by the middle of next year as part of a cost-cutting programme.

The provider of controversial, short-term loans charged at high interest rates would cut 325 jobs as it seeks to reorganise its business in the face of tighter regulation.

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Wonga’s loans can currently carry an APR of up to 1,509% but Britain’s Financial Conduct Authority has moved to cap that at a much lower level.

Tags: WONGA

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