NetEnt AB Shedding Jobs After its Unification with an Evolution Gaming Group AB

The workers at NetEnt AB in Malta are presently in a tough situation and uncertain future. This is after the online casino software development company reportedly stated that it wants to carry out a “few hundred” shedding of some of its employees. This was done after another powerful company acquired it in the industry, Evolution Gaming AB. This was met with mixed reactions from its employees, as many did not take the news lightly.

According to the information reported by a newspaper called the Times of Malta, this Stockholm-listed company was recently bought by its bigger contemporary as part of the $2.2B all-share pact.

It is currently targeting to ultimately shutter its live casino studio in Qormi, a Maltese community. According to this news agency, the developer of this casino disclosed that the workers of this venture are currently “as risk of being sacked” and that the firm has already begun an official process to ascertain those that would be shed off.

 Maltese Excess

The NetEnt AB gaming company currently employs about a thousand people the world over. It reportedly stated just about three months earlier that it would expand its Malta-based live bitcoin casino studio through the inclusion of blackjack tables. 

But then, the newspaper disclosed that many industry specialists forecasted that the acquisition of the firm by Evolution Gaming Group AB is going to causes the loss of jobs. This is because its new owner is now responsible for about nine of such services plus one that is close to the Valletta suburb of Birkirkara.  

Alternative Help

This Maltese newspaper also said that the merger of Evolution Gaming Group AB and NetEnt AB in September was approved by the Malta Competition and Consumer Affairs Authority.

Also the small Ministry for Economy, Investment, and Small Businesses of the country is presently said to be in discussions as par the prospective replacement posts for anybody being affected by the forthcoming redundancies.

To help cushion the effect this will have on employees, Maltese officials have allegedly set in place a dedicated helpline and are also cheering any one of the employees that stand a chance of losing their job to straight away register with JobsPlus training and employment service rendered by the country to help get other jobs.

The Media Announcement

An announcement of this ground-breaking merger of these two gaming companies from the Ministry for the Economy, Investment and Small Businesses purportedly said…

While taking into account, the strong dedication of the Evolution Gaming Group AB to its operation in Malta, the state via the Ministry for the Economy, Investment and Small Businesses has straight away begun talks with the appropriate bodies to ease the seamless transition of workers in the company that stand a chance of being sacked due to the mandatory restructuring that it is about to witness.

To this end, additional plans have also been made for JobsPlus to deliver an intentionally forged job match-making service that supports the people who have been affected.

Lukas Mollberg

Most Recent News

Get the latest information