Type
Internal restructuring
Country
Slovakia
Region
Location of affected unit(s)
Slovakia
Sector
Arts / Entertainment
Arts, Entertainment And Culture
Gambling And Betting Activities
92 - Gambling and betting activities

644 jobs
Number of planned job losses
Job loss
Announcement Date
1 June 2007
Employment effect (start)
Foreseen end date

Description

Slovak betting company Formula-tip ran into troubles in the last month. Police accused several managers of the company of cheating in mid April 2007. Consequently, the Directorate of Slovak Tax Office proposed to revoke the licence of the company for gambling. Formula-tip offices are still operating the CEO of the company proposed mass dismissal for 644 employees. Start and timeline of dismissals are not known yet.


Sources

  • 1 June 2007: SME

Citation

Eurofound (2007), Formula-tip, Internal restructuring in Slovakia, factsheet number 65455, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65455.