An agreement has been reached between the General Workers’ Union for Malta over the dispute regarding potential redundancies at NetEnt.
As part of the agreement, NetEnt is set to save 40 jobs and secure improved severance offers for those being made redundant. A further 60 employees are also expected to be absorbed by gaming and financial services operators in Malta.
“We negotiated intensely and with determination; we saved jobs to the extent that this was possible,” GWU secretary general, Josef Bugeja, said. “We ensured that all those who are being let go are suitably compensated.”
Furthermore, the settlement included an improved severance package for staff who will be made redundant, with an additional payment of €750 for each affected employee.
Other benefits set out under the agreement include better safeguards for staff currently on maternity leave and the availability of Evolution’s health benefit package to affected employees.
Last week, the GWU declared an industrial dispute with NetEnt and Evolution, arguing that the businesses failed to acknowledge the country’s largest trade union as an employee representative for planned layoffs.
The GWU stated the operator had planned to make appropriate 300 redundancies in Malta, with the job lossed part of a cost-cutting attempt to save €30m following Evolution Gaming’s acquisition last month..
As a result of the agreement, the GWU had the injunction withdrawn.