An agreement on the conflict over future redundancies at NetEnt between the General Workers’ Union for Malta has been reached.
As part of the deal, for those being made redundant, NetEnt is expected to save 40 jobs and secure improved severance packages. Gaming and financial services operators in Malta are also required to absorb a further 60 workers.
GWU secretary general, Josef Bugeja said: “We negotiated intensely and with determination; we saved jobs to the extent that this was possible. We ensured that all those who are being let go are suitably compensated.”
In addition, the deal contained an enhanced severance plan for workers who would be made redundant, with an extra payment of EUR 750 per employee affected.
Other benefits listed under the agreement include improved protections for workers currently on maternity leave and the availability to affected employees of the health care plan of Evolution.
The GWU announced an industrial dispute with NetEnt and Evolution last week, alleging that the companies refused to accept the largest trade union in the country as an employee representative for scheduled layoffs.
The GWU reported that the operator intended to make 300 redundancies in Malta, with the job lost as part of a cost-cutting effort to save €30 million following the acquisition last month by Evolution Gaming.
The GWU had the injunction lifted as a result of the agreement.