New Zealand operator TAB cuts employee headcount by 30%

Operator makes cost-saving measures in light of coronavirus outbreak as average monthly revenue drops 50%

New Zealand’s Racing Industry Transition Agency (RITA) has confirmed 230 NZ TAB employees have been made redundant as part of cost-saving measures to mitigate the financial impact of Covid-19. RITA, the betting company's parent entity, is aiming to save more than NZ$11m per year to ensure the livelihood and sustainability of the business, with over…

Cost Reduction | Covid-19 | New Zealand