Ladbrokes and Gala Coral to Cut Up to Half of their Staff Force?

It has been reported by media outlets that Ladbrokes and Gala Coral Group may be planning to cut up to 700 jobs in the run up to the merge between the two companies.The £3.3 billion merger between the two has been a huge talking point in the gaming world since it was first brought up in the middle of 2015, and it seems that momentum has been growing recently as the two bookmakers agreed on the demands to sell hundreds of stores across the UK.The Competition and Markets Authority ordered the closing of around 400 stores in total, with the current favourites to take them over being Betfred and Boylesports.

Fewer positions

An internal e-mail sent by Carl Leaver, Gala’s chief executive, explained that Ladbrokes Coral, as the merged company will be known, would have “around 600, maybe up to 700, fewer positions” than are currently available at the two companies.It has been stated by media outlets that those who do not find a job within the merged company will receive a redundancy pay-out of two weeks per year of service, with a minimum of eight weeks and a maximum of 40.Ladbrokes and Gala Coral to Cut Up to Half of their Staff Force?

Headquarters

Mr Leaver, who will be staying on for 12 months with Ladbrokes Coral to act as executive deputy chairman to lead delivery of the synergies, also confirmed what has long been rumoured, that Ladbrokes’ Head Quarters in Rayners Lane, London, would be closing.Ladbrokes Coral Operations will be run out of Gala Coral’s headquarters in Stratford after the merger has been completed.It has long been speculated that the Rayners Lane headquarters would be closing, since it was discovered that a planning application had been put in to build 103 flats on the site.Ladbrokes and Gala Coral to Cut Up to Half of their Staff Force?

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