At Casinos Austria AG, part of the state, every fourth job could be lost. The twelve domestic casinos have been in the red for a long time, and the corona crisis was added. The ReFIT restructuring program, which the company worked out with McKinsey, is to be presented to the Supervisory Board on July 8 in a special meeting. The “courier” reports.
By 2021, 427 full-time equivalent jobs are to be cut, but the twelve locations will remain. That is a reduction of 27 percent. Up to 55 percent of jobs could be lost at loss-making locations. The actual number of employees affected is higher because of the part-time jobs and should only arise. Additional clearances and part-time offers are planned.
But if you can stay, you have to expect a drop in wages of up to 15 and 20 percent. Because the personnel costs should be reduced by eleven percent.
Since yesterday, Friday, the Casinos Austria are mostly in Czech hands. The Sazka Group has now officially acquired Novomatic’s stake and now holds 55.48 percent. The Republic of Austria owns 33.24 percent of the casinos through the ÖBAG state holding company. The rest are smaller shareholders.
“The Sazka Group strives to make maximum efforts for the further development of the company and product innovations,” said Sazka CEO Robert Chvatal.
