Furthermore, all full-time employees should receive one additional day of compulsory vacation per week by the cut-off date. The number of contract workers in the technology sector will also be reduced by 160 people (40%).
Tabcorp’s CEO David Attenborough is also making cuts to help his company. He waived 20% of his monthly salary.
At the same time, the company waives all fees that lottery and betting agencies usually have to pay as contractual partners.
No forecast for the future yet
Overall, the group cannot yet assess the long-term financial consequences of the COVID 19 crisis. The climax of this may well not have been reached yet.
Sometimes lottery and keno games were still organized; Lottery points and other retailers that cooperate with Tabcorp remained open.
Australian horse and sighthound races would also continue for the time being, albeit with special precautions and restrictions. Betting on these events is still possible.
This remains a very difficult time for our employees, companies, partners and the community. We are committed to working proactively and collaboratively with all of our shareholders so that together we can get the most out of this COVID-19 period.
Tabcorb hope that after June 30th, all employees can return to their usual work routine. It remains to be seen whether the crisis will be overcome by then.