Flutter is planning to cut jobs

Flutter is planning to cut jobs

The business, which operates brands including Paddy Power, Betfair and Sky Bet in the region, did not provide details of how many jobs would be eliminated.

The majority of those whose roles are eliminated are expected to find new jobs with the company. There would be a small number of job losses as a result.

The proposed changes reflect the next phase of our integration, as we look to consolidate parallel operating models and position the business to continue growing against a more challenging operating environment.

While we have tried to minimize the impact this will have on our colleagues, with most employees affected being redeployed into alternative or newly created roles, the proposals may result in a small number of job losses.

As part of the consultation process, we will be giving the affected people the support they need.

The UK and Ireland chief executive of Flutter is stepping down for a career break. Grant will be replaced by Booking.com division CEO Ian Brown.

The Gambling Act white paper, which has been repeatedly delayed, is likely to have a significant impact on the business in the UK. The early draft of the white paper included a soft cap on affordability, with harder checks for players who lose more than $2,000 in a three-month period.

Summary:

Paddy Power and Sky Bet’s parent company Flutter is planning to cut jobs in the UK and Ireland. However, Flutter said it expects the majority of those whose roles are eliminated to find new positions with Flutter. “While we have sought to minimise the impact this will have on our colleagues, with most employees affected being redeployed into alternative or newly created roles, the proposals may lead to a small number of job losses,” it said.