That deal prompted the company to consolidate some corporate services
Gtech cuts 125 jobs worldwide following Lottomatica acquisition
(US).- Gambling company Gtech cut 125 jobs worldwide as it completes its integration with Italian lottery firm Lottomatica, a company spokesman said. Lottomatica acquired the Providence-based company a little over a year ago.
2007-10-31
Reading time 23 seg
That deal prompted the company to consolidate some corporate services, including human resources, legal and government relations, Gtech spokesman Bob Vincent said. He described the cuts as a realignment.
"We go through this on a regular basis, most technology companies do," he said. "We’ll end this year with more employees than we started out with, I think." Gtech makes gambling technology, such as lottery terminals. It employs about 6,000 people and operates in 50 countries.
Fifty people in Rhode Island lost their jobs, including vice presidents down to entry-level positions, Vincent said. The other cuts are spread throughout the company.
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