Business · Companies · 7 hrs ago
Faber Lotto to cut 120 jobs as it shifts focus to digital business
Faber Lotto plans to cut 120 jobs at its company in Bochum, Germany.
The cuts include 71 call-centre jobs and 49 positions at its central office.
The company has 315 employees, and it says the changes are driven by falling written business, higher advertising and postage costs, and new rules for lottery sales by phone.
At the same time, Faber plans to focus more on digital lottery sales as that market grows.
The company sells access to lotteries including Lotto 6aus49 and Eurojackpot, and has operated in Germany for decades.
Many affected call-centre workers are expected to lose their jobs at the end of the year, but no further next steps are given.
Faber Lotto plans to cut 120 jobs as it shifts its focus to digital business.
The cuts include 71 call-centre jobs and 49 positions at the company’s headquarters in Bochum.
The company said falling written business, higher advertising and shipping costs, and changes to rules for telephone sales have affected the profitability of some offers.
Faber said the growing digital lottery market offers new opportunities.
Employees were informed of the plans on Tuesday morning, and many affected call-centre workers are expected to lose their jobs at the end of the year.
- Who
- Faber Lotto, a German lottery company, plans to cut 120 jobs.
- What
- The company will eliminate 71 call-centre jobs and 49 headquarters positions as it focuses more on digital business.
- When
- Employees were informed on Tuesday morning. Many call-centre workers are expected to lose their jobs at the end of the year.
- Where
- Bochum, in Germany’s North Rhine-Westphalia region.
- Why
- Faber cited declining written business, higher advertising and shipping costs, and changes to rules for telephone sales. It said the digital lottery market is growing.
This story does not have two clearly opposing sides.
Norman Faber founded the Faber group in Bochum.
Faber employees were informed about the planned job cuts.
Many affected call-centre workers are expected to lose their jobs.
- Planned job cuts
- 120
- Call-centre positions affected
- 71
- Headquarters positions affected
- 49
- Faber workforce
- 315 employees
- Company location
- Bochum, North Rhine-Westphalia
What people are saying
It hurts a lot and makes me sad to have to dismiss long-standing, proven employees.
They have been part of Faber for years and have decisively shaped the company with their experience, commitment and closeness to customers.
That is why Faber is adapting its organisation and operational processes and concentrating its efforts more strongly on digital business.