US Retrenchments Could Include Antigua And Gibraltar

Globes, the Israeli business publication this week reported that the software developer and 888.com subsidiary Random Logic is to dismiss 29 employees - 7 percent of the staff - from its Israel-based R&D centre. Prime cause for the layoffs is the cessation of the company's activity in the US due to new anti-online gambling legislation.

Globes went on to report that 888 Holding is also expected to pare down its 150-person workforce in Antigua, most of whom are call center and technical support staff. It seems that most of the employees who will have to leave the company are those who worked directly with the US market. Tel Aviv based Random-Logic, which is registered as an Israeli company, currently employs 435.

A spokesmen for 888 told the publication that: "In the light of the change in legislation in the US and the cessation of the company’s activity in that country, and after reviewing current expenses, 888 is making general structural and workforce changes. There are elements of the workforce which work directly with the US market and who have been integrated into international departments."

This news should concern employees at the company's headquarters in Gibraltar as well, as Globes reports that a process of downsizing has begun there too. However, because of labor laws which mandate a 60-day notice of dismissal, the company has not yet decided the final number of employees to be laid off. 888 Holding has 350 employees in Gibraltar.

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