Skip navigation

Gloucestershire Business News

4,500 jobs at risk as High Street bookmaker considers closing stores

High Street betting shop William Hill have announced they have begun consultation over plans to close 700 of its outlets across the country.

Up to 4,500 members of staff could be affected by the planned closures that the firm says is due to the Government's decision to put a £2 limit on fixed odd betting terminals.

In a short statement released this morning, William Hill PLC said: William Hill has entered into a consultation process with retail colleagues over plans to close around 700 licensed betting offices.

"This follows the Government's decision to reduce the maximum stake on B2 gaming products to £2 on 1 April 2019.

"Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the Government's decision was announced in May 2018.


Click here to get Punchline Daily, the best Gloucestershire news delivered to your inbox

"A large number of redundancies is anticipated with 4,500 colleagues at risk.

"The Group will look to apply voluntary redundancy and redeployment measures extensively and will be providing support to all colleagues throughout the process.

"Subject to the outcome of the consultation process, shop closures are likely to begin before the end of the year."

William Hill operate five betting offices in Gloucester, three in Cheltenham and outlets in Stroud and Lydney.

Related Articles

GUILTY: Gloucester teenager who imported a gun was plotting a massacre Image

GUILTY: Gloucester teenager who imported a gun was plotting a massacre

Kyle Davies has been found guilty of importing a gun with intent to endanger life at Gloucester Crown court

Main route in to Gloucester will be closed tonight with further disruption this week Image

Main route in to Gloucester will be closed tonight with further disruption this week

The Cross Keys roundabout will be closed overnight during this week for roadworks.

South West businesses to benefit from £18billion Hinkley Point contracts Image

South West businesses to benefit from £18billion Hinkley Point contracts

Opportunities for investment in large-scale projects in the South West’s nuclear sector have never been stronger, according to findings by business development experts.

Plans submitted to transform 'messy' area of prime public realm in the heart of Cheltenham Image

Plans submitted to transform 'messy' area of prime public realm in the heart of Cheltenham

A new look for one of Cheltenham’s most prominent buildings had already been approved and now plans have gone in to create a public plaza on Imperial Square.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.