PartyGaming, which last week confirmed a redundancy plan to the Gibraltar Chronicle, could be cutting up to one-third of its 330 plus workforce according to Panorama, an online daily news source on the Rock.
According to sources quoted to the news site and Gibfocus.gi, over 100 redundancies have already been confirmed internally and the figure could be as high as 120 to 130.
The company recently said unfair competition from online operators still serving the U.S. market (PartyGaming, a publicly quoted company pulled out of the U.S. after the Unlawful Gambling Enforcement Act was passed) was having a negative effect on its business.
