Internet betting group Paddy Power Betfair has announced that they've decided to close their Gibraltar office and will instead relocate to another site.
The group of 20 employees will be offered the chance to relocate, although the offices the group will move to hasn't been announced. Currently, the group has offices in Ireland, Portugal, Romania, Malta, Italy, and the United Kingdom. The moves are being made to create savings for the company, eliminating spots that are currently being duplicated because of the merger of Paddy Power and Betfair.
No comment on the synergistic move was made by the company.
We will update this story as we learn more.
Of course every business is always trying to save some money on expenses they can eliminate. I doubt that all 20 employees will relocate but they are definitely aware of that. Let's see where they will relocate to.
Well at least to their employees have being offered an option to keep their jobs but with we are moving don't know where statement it's tough to imagine any of them hitting the road...