BUSINESS

888 Holdings prepares for culling exercise

TAGs: 888 Holdings, cost-cutting exercise, merger

Someone's goose is cooked

Someone's goose is cooked

888 Holdings may be a giant of the industry and it may have posted a 21% increase in total operating income to $69 million for the first quarter of 2009, but that doesn’t mean it’s averse to making cuts. And giant ones across the throat at that. The announcement that it will be embarking on a cost-cutting exercise across the group will be dreaded news to employees but does it mean it is streamlining operations ahead of a merger of some kind? One of this kind, perhaps? Read more.

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