Following the pandemic of the COVID-19, Loto-Québec announced, on Tuesday, cost-saving measures.
The Crown corporation has temporarily laid off 2250 employees in different sectors.
“Despite the announcement of the next reopening of the institutions, since the crisis linked to the COVID-19 affects the business operations of Loto-Québec for more than three months, and that the recovery will be gradual, the Company sees itself in the obligation to put in place cost-saving measures relating to its operations, and all of his staff,” said Loto-Québec in a press release.
“This decision aims to ensure an alignment between its workforce needs and the level of its activities,” added the company.
“Indeed, casinos, games rooms, video lottery terminals (VLTS) and Kinzo have been closed since march, and sales of lottery in store have been interrupted for six weeks, resulting in a significant decrease in the level of activity of the enterprise and a significant decrease in its revenues. This context takes Loto-Québec to revise its mode of operation, at the same rate as resumption of commercial activities,” said Loto-Quebec.
Here are the measures put in place by Loto-Québec :
- Significant reductions in the operating budgets and capital of each corporate sector and business for the year 2020-2021;
- with temporary layoffs in different sectors (in particular of 2250 employees operating in the casinos and the games rooms);
- purposes of the warrants of employees supernumerary;
- pay freeze and no bonus paid to all officers for fiscal year 2020-2021;
- freezing hiring;
- temporary reduction of the work week.