First Data to shift work from Denver, add jobs in Omaha

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Posted: Thursday, November 21, 2013 12:00 am

First Data Corp., the Atlanta-based company that employs 5,000 people in Omaha, said Wednesday that it plans to add a “significant” number of jobs in the area next year by moving here some tasks currently performed in Denver.

Spokeswoman Nancy Etheredge said she the number of jobs hasn't been determined.

“But it could be significant,” she said. “At the end of the day, it will mean more jobs for Omaha.”

Etheredge also said the company anticipates some people leaving the company's payroll in Omaha, but said they will be replaced with newly hired workers.

The company, which processes credit and debit-card payments, was formed in Omaha in the 1960s and was acquired in 2007 for $26 billion by private-equity firm Kohlberg Kravis Roberts & Co.

First Data has been hampered by about $35 billion of debt, or about $32.5 billion more than before the KKR acquisition. The company, with operations worldwide, has cut jobs since 2008, now employing about 24,000, down from about 27,000 five years ago.

First Data had a net loss last year of $701 million, after paying out $1.8 billion in interest.

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