Stockholm-listed European online gambling group Betsson AB has this morning informed that it will reduce its corporate headcount by approximately 160 employees as group governance seeks to ‘streamline the organisation’.
Updating the market, Betsson has executed its organisational restructure across all group offices, as Betsson governance seeks to deliver annual corporate savings of SEK 50-60 million (€5-6 million).
“In cooperation with the operational management team, we have started to implement actions to improve operations. The restructured organisation will be more streamlined with clearer responsibilities, which I believe will improve its efficiency over time”, detailed Pontus Lindwall, CEO Betsson AB.
Presenting Betsson’s October Q3 trading update, Lindwall had stated to company investors that the firm’s growth had been unsatisfactory throughout 2017.
Last September, Lindwall the former Group Chairman of Betsson AB, had to take leadership of the Stockholm-listed enterprise, following the abrupt departure of former CEO Ulrik Bengsston following governance disputes relating to Betsson AB future strategy.
In its market statement, Betsson governance costs related to the restructuring will be recognised in the interim report for the first quarter 2018, scheduled for Thursday 8 February 2018.