IGT to introduce furlough programs for impacted employees
IGT has announced it is taking steps to bring its operations “in line with customer and player demand” during the outbreak of COVID-19.
As part of these measures, senior IGT members will take salary reductions and the supplier will implement a short-term furlough program for certain employees.
The furlough program is expected to last for eight weeks effective from 6 April.
IGT employees will also continue to receive health and welfare benefits throughout the period.
The supplier reports that 2,300 IGT employees have been affected by the impact of COVID-19 in North America.
A statement on the IGT website read: “The COVID-19 pandemic has had a significant impact on many of IGT’s customers and markets we serve.
“Our priority is to protect the health of people, while we take responsible actions to serve our customers and stakeholders.
“We will continue to work diligently to support the welfare of our people with a focus on our industry’s short-term sustainability and longer-term success.”
Last month, IGT reported full-year 2019 revenue of $4.79bn, a fall of 1% year-on-year.
Operating income was $637m, down 2%, while adjusted EBITDA was $1.71bn, a fall of 1%.
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