The Supervisory Board of Casinos Austria has unanimously agreed to a difficult restructuring plan which it claims would be the largest reorganisation in the companys history.
According to news in the Austrian media, it plans to make 500 workers redundant as it claims that this would save 1,200 jobs. Company pensions will be reduced and up to 25 percent of salaries could be cut.
SAZKA CEO Robert Chvatal, the majority shareholder in Casinos Austria, said: This is about saving a company that is in an extremely difficult situation due to its structure and the changed world. We do not want to sell casinos; we want to make them fit for the future.
General Director Bettina Glatz-Kremsner said: The Supervisory Board took an important step today…
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