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Australian gaming machine innovator Aristocrat Leisure Limited has reportedly blamed ‘softer demand’ due to the ongoing coronavirus pandemic for its decision to furlough approximately one-quarter of its global workforce until the end of June.3 million between now and the end of its financial year in September.Australian gaming machine innovator Aristocrat Leisure Limited has reportedly blamed ‘softer demand’ due to the ongoing coronavirus pandemic for its decision to furlough approximately one-quarter of its global workforce until the end of June....
These changes, and other prudent steps we are taking as part of our coronavirus response, will deliver important operational and financial flexibility, focus and efficiency through this period of uncertainty.Reportedly read the filing from Aristocrat…“Around 1,000 staff will be stood down until the end of June, principally in land-based sales, service and manufacturing operations, reflecting venue closures and uncertain re-opening time frames.told the newspaper…“We find ourselves in even more difficult economic conditions than when this legislation started and completion of this project could not come soon enough considering the overall economy of our city and nation at this time....
”Earlier efforts:The Sydney-headquartered firm reportedly furthermore stated that these ‘significant workforce changes’ are due to go into effect from Friday but that it had already cut all ‘discretionary, consultant and contractor spend in line with revised priorities’ so as to help ‘mitigate the impacts’ of the coronavirus-related slowdown.Australian gaming machine innovator Aristocrat Leisure Limited has reportedly blamed ‘softer demand’ due to the ongoing coronavirus pandemic for its decision to furlough approximately one-quarter of its global workforce until the end of June.Ambiguous estimate:As to when it believes the global land-based casino market will eventually start to improve and Aristocrat Leisure Limited reportedly pronounced that any timetable would be ‘highly uncertain’ but that it envisions ‘venue re-openings will take place on a phased basis’ as consumer confidence improves and governments begin to ease ‘social distancing and travel limitations....
”Financial fitness:GGRAsia reported that the Australian innovator additionally used the filing to proclaim that its digital business is continuing to ‘perform strongly with higher bookings and player engagement evident across most of the portfolio’ and will likely account for approximately 40% of its aggregate annual revenues.”Financial fitness:GGRAsia reported that the Australian innovator additionally used the filing to proclaim that its digital business is continuing to ‘perform strongly with higher bookings and player engagement evident across most of the portfolio’ and will likely account for approximately 40% of its aggregate annual revenues.”Earlier efforts:The Sydney-headquartered firm reportedly furthermore stated that these ‘significant workforce changes’ are due to go into effect from Friday but that it had already cut all ‘discretionary, consultant and contractor spend in line with revised priorities’ so as to help ‘mitigate the impacts’ of the coronavirus-related slowdown....
It purportedly furthermore asserted that its balAustralian gaming machine innovator Aristocrat Leisure Limited has reportedly blamed ‘softer demand’ due to the ongoing coronavirus pandemic for its decision to furlough approximately one-quarter of its global workforce until the end of June. These changes, and other prudent steps we are taking as part of our coronavirus response, will deliver important operational and financial flexibility, focus and efficiency through this period of uncertainty....
