Listen To Article
According to reports in the Irish media, Flutter-owned Paddy Power will be closing 21 of its retail betting shops in Ireland.
After the closures, Paddy Power will have 230 retail shops across the country remaining. The closures will impact 78 staff and while they will be offered redeployment, the company has confirmed that there will be some redundancies.
According to a statement from Flutter: “The majority of the 78 colleagues employed across the affected shops will be offered redeployment opportunities across the remaining estate and in close proximity to their existing employment.”
The outlets being closed in Ireland are a result of lease expirations and early terminations.
David Newton, CCO at Paddy Power, commented: “As with all businesses in the retail sector, we regularly review our estate to ensure we are operating efficiently and meeting the evolving needs of our customers.
“Indeed, a well-invested retail estate remains a key component of our omnichannel strategy. Whilst the majority of our estate continues to perform well and is growing market share, we have decided to close a number of underperforming shops.
“This is absolutely no reflection on our hard-working shop colleagues, and I would like to thank them for their service and professionalism during this difficult time. We are in contact with all affected colleagues and our focus is very much on providing support to those who may be impacted by the changes.”
