CASINO WORLD NEWS Casinos Austria to cut 350 jobs 4 weeks ago Iwo Bulski Post Views: 84 Sazka chief executive Robert Chvátal has been named chairman as the operator moves ahead with restructuring. Casinos Austria has announced it will make around 350 layoffs as part of a restructuring plan that aims to cut costs by €45m to ensure the profitability of its 12 casinos. The exact number of jobs to be cut will be decided after discussions with staff as part of the supervisory board’s ReFIT plan, which has been described as the operator’s biggest-ever restructuring plan. In most cases, staff will be invited to take voluntary redundancy, retire or transition to part-time working it said. It has also named Robert Chvátal, chief executive of majority shareholder Sakza Group, as interim chairman of the supervisory board until new board members are elected at the company’s Annual General Meeting in 2021. Former chairman Walter Rothensteiner stood down in July after 25 years in the role. The plans have been criticised by Austria’s Union of Private Sector Employees, Printing, Journalism, and Paper (GPA-djp). It has called on the government to step in to ensure the interests of the Austrian state, which still holds a stake in Casinos Austria through its investment arm, Österreichische Beteiligungs AG (ÖBAG). The ReFit plan will include the restructuring of operations and headquarters teams to give each casino more autonomy over day-to-day activity. Casinos Austria chief executive, Bettina Glatz-Kremsner, said: “[The] supervisory board has ensured that [Casinos Austria Group] is sustainably secured and that high quality forms of gambling can continue to be offered. The package was developed almost entirely on the basis of internal expertise in record time. I thank my colleagues for their professional and committed cooperation and to the employee representatives for their constructive attitude in often difficult negotiations for the good of the company.” Chvátal said: “The general economic conditions made a package of this size necessary in order to make the group of companies fit for the future. As owners with long-term interests, it is important to us to ensure the business is sustainable.” Source: focusgn Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Casinos Austria, Employments, Sazka Continue Reading Previous The Impact of COVID-19 on Online Gambling BusinessNext Seychelles Implement Technology for Tourists Arrivals More Stories LOTTERIES WORLD NEWS EGT Interactive looks back on Lottoland partnership 1 day ago Iwo Bulski CASINO What are the best movies based on gambling? 2 days ago Szarlot BETTING WORLD NEWS Spanish clubs told to end deals with gambling firms 2 days ago Szarlot CASINO WORLD NEWS Fremont Street Experience is committed to a gunshot detection system 2 days ago Szarlot EXPERTS WORLD NEWS The winners of the Global Gaming Awards Las Vegas 2020 3 days ago Iwo Bulski BETTING WORLD NEWS DraftKings extends sports betting agreement with MansionBet 3 days ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.