Workers for the UK gambling chain Betfred are facing pay cuts that could see them lose up to 50% of their salary in company shake up.
In UK gambling news, Fred Done, owner of Betfred is looking to cut costs in his company, which could leave some of its employees in a sticky position. While there are no planned redundancies, wages could be cut by as much as 50%.
At present, it looks like Betfred is planning to remove the position of ‘Shop Manager’ from its high-street shops, which will be replaced by a reduced number of ‘Area Managers’ who will oversee five shops.
But it’s not only the managers who will suffer; it looks like employees in Betfred’s 1.4K shops in the UK could also feel the effect of the company’s attempt to pinch pockets.
Employees of Betfred gambling shops could face pay cuts of up to 50% in wages
Employees could see their wages drop from GBP 15 per hour to as low as GBP 9.
Betfred workers are also concerned over the plans to link their pay to the success of their Fixed Odds Betting Terminals (FOBTs), even though there is talk from parliament about FOBTs being a problem issue.
Prime-minister David Cameron has been making noises about altering UK gambling laws regarding FOBTs, saying they are a “problem than needs to be addressed.”
Even though the company saw an increase in profits by 30% in April 2013, the proposed cuts are still in discussion.