Following the announcement by MasterCard of proposed redundancies in Peterborough, Shailesh Vara MP has made the following statement:

 

“This is deeply disappointing news. If the scale of the redundancies reported by the Peterborough Telegraph is correct then this will come as a real blow to the many people involved as well as having an impact on the local economy in Peterborough.

 

The statement from MasterCard is also not helpful: a lot of words that really don't say much. They dispute the figures but refuse to clarify them. I am sure MasterCard have an idea of the numbers involved and they should say what they are. That is the least that they can do by way of some certainty for their employees.

 

And if the redundancies go ahead, I very much hope that MasterCard will do all they can to assist those affected in terms of retraining and finding suitable alternative employment.”