As many as 700 people could lose their jobs as a result of the merger between Gala Coral and Ladbrokes.
The news – which has emerged after staff revealed an internal email from Gala Coral chief executive Carl Leaver – comes as the companies look to avoid duplicating existing roles and sell of shops to meet CMA requirements. The Competitions and Markets Authority (CMA) has ordered the pair to sell off around 400 shops before it will approve their union.
Leaver confirmed that the newly merger company would close the current Ladbrokes headquarters in Rayners Lane, North West London and move some of its 1000 staff to Gala Coral’s base in the east of the capital.
The merger between the two companies is estimated to be worth £3.3bn and is expected to be completed during October.