Igt Layoffs 2015
Working there for over 10 years it seemed that every quarter the company was going through layoffs. It seemed that it was standard practice that if stock took a hit then they were going to layoff 20+ people keeping to look small to avoid bad press. Gaming technology company IGT is implementing furloughs and salary reductions at its various U.S. Operations as COVID-19 continues to adversely affect the casino industry. More MGM casino layoffs as Vegas unemployment rate soars. 16 September 2015. Tags: Dallas Orchard. “IGT is committed to supporting the growth of its customers,” commented Michael. International Game Technology is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.
Sixty-seven people who work for the Moncton gaming company IGT are being laid off, following an acquisition by GTECH, which has adopted the IGT name.
Igt Layoffs 2019
Robin Drummond, IGT's senior vice-president for Canada, says employees were notified on Tuesday.
The layoffs are part of a move to centralize manufacturing in Nevada.
'It's really light, light manufacturing, it's assembly more than heavy manufacturing of the VLTs and slot machines that have been manufactured in Moncton for the last several years,' said Drummond.
A plant in Rhode Island is also being affected by the changes.
The Moncton employees have received a working notice, which means they will continue to work until production is ramped down sometime between September and December.
'The vast majority of the jobs are staying in Moncton. The 67 employees affects about 14 per cent of our workforce,' said Drummond.
Many remaining employees work in the tech sector in game and software development and quality assurance, for example.
Igt Layoffs 2020
Drummond says the company plans keep the Moncton office open, but it's too soon to tell what changes will be made down the road.
'When you go through this kind of a merger with a company with in the range of 8,000 employees acquiring a company with in the range of 5,000 employees, there are multiple areas where there's potential for overlap.'
Igt Layoffs 2015 Schedule
IGT started in Moncton as SPIELO, a supplier of VLTs and other gaming machines.
In 2004, SPIELO was bought by GTECH, a Rhode Island-based lottery technology company. In 2006, an Italian lottery operator, Lottomatica, bought GTECH.
Then seven years later, the entire organization, including Moncton's SPIELO, was rebranded under one name: GTECH.
Earlier this month, when GTECH acquired Nevada-based IGT, the entire company became known as IGT.