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October 30, 2007

GTECH Holdings cuts about 50 R.I. employees

PROVIDENCE -- GTECH Holdings Corp. fired about 50 of its Rhode Island employees today, saying its acquisition by Lottomatica SpA last summer had made possible a range of consolidations.

Over all, the company is laying off 125 employees across its global operations, GTECH spokesman Robert Vincent said.

Lottomatica, based in Italy, bought GTECH last August for $4.8 billion.
But it kept W. Bruce Turner as chief executive officer, and the company has maintained a large presence in Rhode Island, where it completed a new high-rise headquarters downtown late last year.

-- Journal staff writer Benjamin N. Gedan

Posted by Mike McKinney  at 3:53 PM | Permalink

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concerned citizen | October 31, 2007 12:59 PM link

Tom | October 31, 2007 2:37 PM link

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