Finnish gambling monopoly Veikkaus is set to lay off between 125 and 195 staff, following the conclusion of restructuring negotiations.
As part of the downsizing, the operator will close about 15 of its gaming arcades, at venues where it determined sustainability measures such as mandatory ID play and loss limits have made it too difficult to turn a profit. Veikkaus also made “material changes” to the contracts of around 60-110 employees, as well as 50 contractors.
The changes will come into effect in January 2022.
The decision comes after Veikkaus opened negotiations with 830 staff in an effort to cut costs following a decline in business partially caused by the effects of the novel coronavirus (Covid-19) pandemic. At the time, the business said it expected to lay off up to 200 staff.
The exact number of staff to be made redundant has still not been determined, as some staff have the option to take on new roles if they accept.
“The reforms have been designed in such a way that th..