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Holland Casino warns of “radical” cost-cutting measures

4th October 2013 9:32 am GMT

Willem-Jan van den Dijssel, chief executive of struggling state-owned gaming operator Holland Casino, has said that the company must reach agreements with workers’ unions to reduce personnel costs by 18 per cent by November 1st in order to keep the business afloat.

In an address to staff, van den Dijssel admitted that the company’s debt had increased from €60m to €100m as a result of increased losses, costs associated with reorganisation and necessary investments.

As a result, [...]

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