Paddy Power Betfair to cut 300 jobs
April 05
10:07
2016
The betting firm began the process of telling staff yesterday. The job losses are likely to be in the areas like marketing, technology, trading and risk where there was an overlap between Paddy Power and Betfair.
The same departments are expected to account for the majority of the 350 job losses in the UK. Most of the job losses will be in duplicate roles.
Staff will be offered four weeks’ redundancy pay for every year worked as well as the two years’ statutory redundancy.
In addition, departing staff may get annual bonus due to them depending on the time of year.
It is understood workers will be offered the chance to redeploy across the company, but these roles may be limited.
The remaining 350 jobs will go in the UK.
