TransUnion Lithuanian-Based Shared Service Center to Close in 2024
TransUnion (NYSE: TRU) (the “Company”) announced today plans to close its Lithuania Shared Service Center on a phased basis in 2024. Employees in the center serve a range of disciplines including technology, data analytics, finance and other back-office functions, primarily in support of TransUnion’s UK business. TransUnion plans to transition this work to its Global Capability Center network to accelerate the competitive advantage of its global operating model and help meet changing business requirements.
“The closure of the Lithuania center is part of our transformation effort to optimize our global operating model and enhance our market-leading technology to reduce costs, accelerate innovation and drive growth,” said Dane Mauldin, EVP, Chief Operations Officer at TransUnion. “This change is designed to help TransUnion operate more effectively and will be implemented with a focus on maintaining operational continuity and high levels of service.”
TransUnion is supporting the 240 employees in the center affected by this announcement and is working to help them find alternative employment. TransUnion remains committed to a strong presence in UK and European markets.
The Company’s decision to close Lithuanian operations follows a consultation process with its employee-appointed Work Council regarding the future viability of placing work into the center. The shared service center in Kaunas, Lithuania, was established in 2011. It became part of TransUnion via its Callcredit acquisition in 2018.
About TransUnion (NYSE:TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good®—and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
http://www.transunion.com/business
