Community, the betting shop workers’ union has expressed serious concerns about the Competition and Markets Authority’s ruling that a merger of Ladbrokes and Gala-Coral would first require the selling of up to 400 high street betting shops.
The ruling, which the CMA insists is designed to protect customers, could see up to 10% of the businesses’ betting shops put up for sale. However, with no sales strategy or clear potential buyers, the decision puts up to 4000 jobs at risk across the businesses.
Speaking about the CMA’s ruling, John Park, Assistant General Secretary of Community, said:
“Ladbrokes and Gala Coral must now commit to a thorough consultation process to ensure a responsible buyer is found for these stores. The first priority for the new business must be a commitment to safeguarding quality employment for their existing employees. Thousands of workers have given many years of loyal service to both brands.
“This ruling from the CMA must not be implemented at the expense of front line staff. Community, the union for betting shop workers will continue to seek firm commitments from both companies involved that our members’ jobs and their safety at work are protected regardless of any merger or sales process.”