EMCC European Monitoring Centre on Change

Casino Cosmopol

Company/Organisation:
Casino Cosmopol

Geographic Location

Country: Sweden
Location of affected unit(s): Gothenburg, Malmö, Stockholm

Company

Sector: Arts / entertainment
Arts, entertainment and recreation
92 - Gambling and betting activities
Number Employed: 900

Employment Effects

Announcement Date: 04-02-2021
Planned Job Reductions min: 223
Planned Job Reductions max: 223
Type of Restructuring: Internal restructuring

Additional Information

Casino Cosmopol, a Swedish state-owned casino company, has concluded collective bargaining negotiations and will cut 223 jobs. The job cuts affect all three casinos owned by the company. These casinos are located in Malmö, Gothenburg and Stockholm. 

The COVID-19 pandemic and the restrictions set to curb its spread are the reason behind the restructuring. All casinos owned by the company have been closed since the outbreak of the pandemic in March 2020. 

In addition to the job-cuts, there will be changes to work organisation. The company aims to provide training for its employees so that, for instance, security personnel will be able to work as dealers and the other way around. 

The union representative argues that these cuts were expected since the company has been hit so hard by the pandemic. According to the her, the employees understand that reorganisation of tasks is needed but the changes can also cause a lot of stress. 

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