Flutter will close 57 shops in the UK and Ireland, with almost 250 staff to be impacted.
Flutter Entertainment has set out plans to close 57 Paddy Power betting shops across the UK and Ireland amid increasing cost pressures, with almost 250 staff facing redundancy.
Some 29 shops will shut in the UK, including one in Northern Ireland, as well as 28 in Ireland. This is expected to place 247 employees at risk of redundancy, including 128 in the UK and 119 in Ireland.
A Flutter spokesperson said some staff would be offered redeployment opportunities “where possible”. However, they warned that some people would lose their jobs as a result of the shop closures.
“In light of increasing cost pressures and challenging market conditions we can confirm that we will be closing 28 shops across Ireland,” the Flutter UKI spokesperson said.
“We are continually reviewing our high street estate, but it remains a key part of our offer to customers, and we are seeking to innovate and invest where we can as we adapt to different customer trends and needs.”
Flutter added that the shops would be closing within the next month. However, it is yet to confirm which Paddy Power branches will be impacted.
Could more shop closures be on the way?
Confirmation comes after several other major operators warned of