Australia: Tabcorp lays off 700 employees
Employees not affected by the temporary layoffs are being forced to take one day of leave per week, starting April 6 until June 30.
Australia.- Tabcorp, the Australian lottery and gaming provider, has temporarily laid off more than 700 employees due to the Coronavirus outbreak.
On March 23, the Australian government announced that all registered and licensed clubs, hotels, pubs and casinos will be closed at least for a month.
This has forced Tabcorp to furlough 700 employees until June 30. Employees not affected by the temporary layoffs are being forced to take one day of leave per week, starting April 6 until June 30, according to Gambling News.
Tabcorp has also reduce salaries for its Executive directors. The measure includes a 20 per cent reduction in the base salary of the Managing Director and CEO David Attenborough through to the end of the financial year, while Chairman and Non-Executive director fees are being cut by 10 per cent.