Page last updated at 18:54 GMT, Thursday, 19 November 2009

Ladbrokes plans to cut 263 jobs

Betting firm Ladbrokes has outlined plans to close its Aintree call centre with the loss of up to 263 jobs.

The company said it would offer redeployment and relocation opportunities to minimise redundancies.

Ladbrokes is discussing the proposals with employee representatives at the Merseyside site, including the Usdaw union.

A company spokesman blamed competition from offshore operators for a fall in revenue.

Loss-making

Ciaran O'Brien, from Ladbrokes, said: "Telephone betting is a very competitive market and one that is becoming increasingly difficult for UK-based operators who face significantly higher levels of tax than those operating from offshore jurisdictions."

He added that Ladbrokes' telephone betting service paid 15% tax on its gross profits and a further 10% on profits from UK horseracing, as well as VAT and corporation tax.

Offshore operators typically pay no or very low taxes and no horseracing levy.

Ladbrokes core telephone business was loss-making at the half-year stage this year, recording a 41% decline in revenues.

The company has call centre operations in Aintree and a head office in Harrow.



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