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

100 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2012
Employment effect (start)
15 November 2012
Foreseen end date
31 December 2012

Description

Tipsport, a Czech bookmaker chain, has announced another 100 job cuts by the end of 2012 as a result of new taxation due to austerity measures.

The company has already closed 50 branches and dismissed 100 workers due to changes in the lottery law which requires bookmakers to pay an additional tax to the state.

Tipsport will take over competitor Chance as of 1st January 2013. Chance workers have expressed their worry that the next job cuts will affect them, although no further cuts have been confirmed yet.


Sources

  • 14 November 2012: Mediafax
  • 9 November 2012: Týden

Citation

Eurofound (2012), Tipsport, Internal restructuring in Czechia, factsheet number 74488, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74488.