GVC kicks-off bwin redundancy round
Operator makes 11 Gibraltar-based bwin.party staff redundant with procurement and internal audit departments still at risk
GVC Holdings has begun the expected restructuring at bwin.party with 11 people at the operator’s Gibraltar offices leaving the firm and additional numbers placed at risk of redundancy over the coming weeks.
A spokesperson for GVC this morning confirmed the departures with staffers from bwin.party’s procurement (three), internal audit (five), bwin labels (one) and games labels (two) divisions having already left the firm.
In addition, the remaining staff that make up bwin.party’s Gibraltar-based internal audit and procurement departments remain at risk of redundancy with a 60-day consultation underway.
“It is no secret we are conducting a review of all operations following the acquisition of bwin,” a GVC spokesperson told eGaming Review this morning.
“All reviews are at an early stage and so it would be unfair to comment on finite details. What we hope is clear from our recent management changes is that the best talent from GVC and bwin will be given the opportunity to deliver growth for the enlarged Group. That is something we are very confident about,” the spokesperson added.
The redundancies mark the first stage of a firm-wide global review of operations at the recently enlarged operator and further redundancies affecting other divisions and locations are expected to take place during the second half of the year.
GVC, which completed the acquisition of bwin.party on 1 February, had previously said it intended to extract cost-savings in the region of ?125m per annum, much of which is expected to be derived through a rationalisation of the combined sportsbook division.