Veikkaus Oy streamlines staff complement

Finnish State-owned gambling company Veikkaus Oy has begun implementing cost efficiencies and operational synergies following the completion of its merger with RAY and FinToto earlier this year.

The company will phase out 129 employment contracts of which 65-70 are redundancies or redeployments, 25 pension arrangements and around 20 fixed-term employee contracts, following collective bargaining negotiations Veikkaus Oy initiated with affected staff in April.

The merged company will continue to seek cost and employee synergies to ensure competitiveness while investing heavily in digital business, a press statement reads.

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