Job Cuts Loom At Merged Coral-ladbrokes (update)

Up to fifty percent of employees could face a depressing Christmas

Employees at the Ladbrokes and Coral online and land gambling groups, which are about to merge with consequent synergistic savings, started receiving the depressing news this week that as much as fifty percent of the merged companies' labour force could be made redundant by November this year.
In an email warning of the impending cuts, Gala Coral chief executive Carl Leaver observed that 600 to 700 jobs could be subject to a rationalisation program, but that those unfortunate enough to be made redundant would receive between 8 and 40 weeks' salary.
Leaver assured employees that the selection process of who stays and who goes will be based purely on merit, with the rationalisation exercise culminating around November.
InfoPowa readers will recall that in the retail section alone the merged companies have been required by the Competitions Authority to shed up to 400 betting shops.
Headquarters staff at Ladbrokes will be moving to the Coral offices in Stratford, although a small group corporate office will be opened in London.

Online Casino News Courtesy of Infopowa

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Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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