GIBRALTAR LAY-OFFS (Update)
Party Gaming staff told 80 jobs being cut
Staff at the Gibraltar branch of the PartyGaming operation were yesterday told that 80 jobs out of some 332 currently in place will go as a result of the US Unlawful Internet Gambling Enforcement Act, the Gibraltar media reported this week. But as many as 25 new jobs could be taken up by affected staff.
The cuts represent some 20 percent of Gibraltar personnel employed by the gambling group.
Local newspapers reported that the company has confirmed that they have identified 80 positions that will now be cut although they expect to retain some of these employees through redeployment in new vacancies.
John Shepherd the spokesman for the company in London said that the company had reviewed its operations in the wake of the illogical and unnecessary prohibition introduced by the United States and that Party Gaming had tried to minimise the redundancies.
The company said that it was following all procedures required by Gibraltar law.
Last week the company announced 800 redundancies in its branch in India but over the past three days had been able to find jobs for 320 of these through a programme of links with leading international companies with centres in India such as HSBC, Deloitte and CFC.
Party Gaming staff told 80 jobs being cut
Staff at the Gibraltar branch of the PartyGaming operation were yesterday told that 80 jobs out of some 332 currently in place will go as a result of the US Unlawful Internet Gambling Enforcement Act, the Gibraltar media reported this week. But as many as 25 new jobs could be taken up by affected staff.
The cuts represent some 20 percent of Gibraltar personnel employed by the gambling group.
Local newspapers reported that the company has confirmed that they have identified 80 positions that will now be cut although they expect to retain some of these employees through redeployment in new vacancies.
John Shepherd the spokesman for the company in London said that the company had reviewed its operations in the wake of the illogical and unnecessary prohibition introduced by the United States and that Party Gaming had tried to minimise the redundancies.
The company said that it was following all procedures required by Gibraltar law.
Last week the company announced 800 redundancies in its branch in India but over the past three days had been able to find jobs for 320 of these through a programme of links with leading international companies with centres in India such as HSBC, Deloitte and CFC.
