Camelot Workers Face Redundancy
14/03/2009 17:53:48
The news is full of talks about the global recession and redundancies and sadly maybe the best sign that we are a long way out of it is the thought of jobs going at a lottery operator. That’s the news today as hundreds of Camelot workers face redundancy in a cost cutting exercise for the company. It's a worrying time and gives a whole new slant to the catchprase 'It could be you'.
Considering it’s thought that lottery sales often rise during times of crisis it’s news that will take many people by surprise.
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UK National Lottery (UK) |
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UK National Lottery (Outside UK) |
The firm, who run the UK National Lottery have launched a consultation on proposals to create 250 redundancies from a staff of almost 900 workers for the company. The company says that cuts are being made to reduce costs for the company as well as boost donations to good causes says a spokesman for the company.
Camelot’s license for the National Lottery was renewed just 18 months ago and it pledged then to cut expenses and these moves would see costs reduced from 5% to 4% of the lotteries revenue. Sales are going up every year and the latest figures show an increase of £181 million to just under £2.6 billion for Camelot.
Camelot is already the most cost efficient lottery operator in Europe according to a statement from the company and is hoping that cuts will further maximise returns to the good causes funds over the next ten years.
Although it is understandable why Camelot is making these changes, in times of economic crisis it’s hard to understand why a company that has shown growth in the last year and year on year would be making cuts like this.
It will no doubt be a worrying time for lottery workers at a time when most of us are hoping for a big National Lottery win.
Page Last Updated: 18/06/2010 12:21:13
