Ladbrokes Coral to cut up to 1,600 jobs after GVC takeover

Two firms publish more details on £4bn acquisition as LCL also announces positive Q4 trading update

Ladbrokes Coral could cut up to 1,600 jobs following the company’s proposed takeover by GVC Holdings, according to official merger documents. The two firms issued a scheme document to investors Friday afternoon, noting the total headcount reduction “will be less than 6%” of the combined group’s employee base of 26,800. The document did not specify…

GVC Holdings | Ladbrokes Coral | M&A