Tabcorp continues Covid-19 recovery despite revenue decline in H1

first_img($11.0m), Tatts Group combination implementation costs ($8.0m) and restructure costs ($3.0m), with these partly offset by the profit on sale of Jumbo  ($69.0m). Australian gambling business Tabcorp said that despite reporting a year-on-year decline in revenue and statutory net profit in the first half of its financial year, it experienced strong recovery from the impact of the novel coronavirus (Covid-19) pandemic. Tags: Revenue Tabcorp Profit The operator also noted $22.0m in significant items, comprising amended tax treatment of the MAX CMS licence ($69.0m), Racing Queensland arrangements Finance Variable contribution – revenue minus variable costs – was down 7.1% year-on-year to $957.0m, but operating expenses were reduced by 8.3% to $397.0m, mainly due to the suspension of certain activities. Tabcorp noted an increase in sales across all base lottery and keno games in H1, helped by the refresh of both the Set for Life and Saturday Lotto games. The share of turnover attributed to digital increased to 32.1% for lottery and 17.1% for keno. “We are experiencing a strong recovery following the recent market challenges,” Tabcorp chief executive and managing director David Attenborough said. “The Covid-19 pandemic continued to impact Tabcorp’s group earnings in 1H21, with the retail closures and restrictions, especially in Victoria, having a material impact. Earnings before interest, tax, depreciation and amortisation (EBITDA) before significant items fell 6.2% to $560.0m, while after accounting for depreciation and amortisation, earnings before interest, tax and significant items declined 7.9% to $372.0m. Tabcorp said this modest increase was due to a 34.0% increase in digital revenue and 43% rise in digital turnover, with retail having been hampered by closures due to Covid-19. 17th February 2021 | By Robert Fletcher Elsewhere, wagering and media revenue edged up 0.8% from $1.18bn in 2019-20 to $1.19bn in the most recent period, with digital growth helping to offset declines in retail. As such, Tabcorp ended H1 with $185.0m in statutory net profit after tax and significant items, down 7.0% from $199.0m in the first half of 2019-20. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Lottery Sports betting Attenborough also noted that as a result of these actions, Tabcorp has been able to resume paying dividends to shareholders. Eligible shareholders will receive an interim dividend of 7.5 cents per share fully franked, which is in line with the previously announced revised dividend payout policy.center_img Tabcorp continues Covid-19 recovery despite revenue decline in H1 Tabcorp noted the impact of closures in Victoria in particular, with the state accounting for 30% of all gaming services revenue. Greater Melbourne venues were not able to reopen until November, whereas facilities in other states began to reopen from June. In its 2019-20 financial year, Tabcorp’s wagering and media business brought in AUD$2.08bn and EBITDA of $371m. However, despite growth within these two core business areas, Tabcorp noted a major decline in gaming service revenue, which more than halved from $149.0m to $73.0m. Again, Tabcorp put this down to the impact of Covid-19, with some states having been forced to close venues in line with restrictions. “After taking actions to reduce costs, preserve cash and strengthen the balance sheet over the past 12 months, Tabcorp is emerging from Covid-19 challenges in a stronger financial position,” Attenborough said. Lotteries and keno remained Tabcorp’s primary source of income, with revenue here reaching $1.61bn, which was 1.6% higher than in the first half of the 2019-20 financial year, despite the impact of Covid-19. Publication of the first half results comes after Tabcorp earlier this month said it had received “a number of unsolicited approaches and proposals” to acquire its wagering and media arm, with Entain among those to have put forward an offer. Tabcorp said it had not received a firm bid for the business, but noted that any sale would leave it to focus only on its lotteries and gaming services divisions. Regions: Australia Tabcorp accumulated $82.0m in interest during the first half and paid $83.0m in income tax, leaving a net profit before significant items of $207.0m, down 3.3% from 2019-20. Total revenue for the six months to 31 December 2020 amounted to AUS$2.87bn (£1.06bn/€1.85bn/US$2.23bn), down 1.5% from $2.91bn in the same period in 2019. “However, we are pleased with the way our teams and partners responded to the substantial operational challenges the pandemic presented. Covid-19 has clearly demonstrated the importance of serving customers with a seamless, multi-channel experience. Investments made to modernise our digital offering in recent years drove significant benefits.” Subscribe to the iGaming newsletter Email Addresslast_img read more

Cricket News : Great gesture by BCCI, clears quarterly payments, match…

first_img Share on Facebook Tweet on Twitter BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check Facebook Twitter Cricket By Kunal Dhyani – April 10, 2020 Cricket News : Great gesture by BCCI, clears quarterly payments, match fees of all Indian cricketers The BCCI has cleared the quarterly dues of all its centrally-contracted cricketers and vowed not to let anyone suffer despite the uncertainty triggered by the COVID-19 pandemic, which has caused financial blowback in other countries.The global economy has been badly hit due to the virus, which has claimed over 95,000 lives so far. Major cricket boards like England and Australia have indicated that players will have to take pay cuts. WI vs SA 2nd Test Day 3 Live: South Africa lose early wickets; SA 35/2 (11 ov)- Follow Live Updates Cricket PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Cricket by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Spelling With This Helpful Browser ExtensionGrammarlyE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! Online247 Sports50 Best College Football Players Of All Time247 SportsAlso Read: Sports Business : Wimbledon to get $141 Mn insurance monies, BCCI rues lack of…“Despite lockdown being announced from March 24, the BCCI was ready for any kind of eventuality. The board clears quarterly installments of central contract payments to its players,” a BCCI official told PTI on conditions of anonymity.“Plus the match fees of all those who played for India and India A during this period, all these dues were cleared at the end of the financial year,” he added.The England and Australian players have admitted openly that they are bracing up for pay cuts.The announcement of central contracts has been postponed in Australia, while England skipper Joe Root has applied for furlough along with his Yorkshire teammates.Under the furlough scheme, the British government pays 80 per cent of wages — up to GBP 2,500 — per month.A BCCI official said that the Board’s financial stability helps in testing times when some of the other boards are struggling to even pay their domestic players.“One cricket board has put its players on furlough (government assistance scheme). There are talks about pay cuts everywhere. But I believe BCCI is capable of taking good care of its players as it has been all these years.“Neither our international nor our domestic cricketers will suffer,” the official said.He, however, agreed that having the IPL later this year is a necessity considering the amount of financial loss that all stakeholders will have to bear if the event does not go ahead.“The situation is fluid right now. It can’t be said that it will be September when Asia Cup and home series against England is scheduled or October, when World T20 is supposed to take place.“If you don’t know when normalcy will return, how can you say that when will IPL happen,” he said.Also, another issue to deal with for the BCCI would be domestic cricket scheduling.As per rules, domestic events cannot coincide with IPL.IPL in October and November might mean that the domestic cricket calendar will have to be shifted further.The BCCI normally chalks out its domestic calendar in August but all depends on when the IPL is scheduled. Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsored Cricket WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Euro 2020, Switzerland vs Turkey LIVE: Shaqiri adds another as Switzerland lead 3-1; Follow Live Updates Latest Sports News Euro 2020, Italy vs Wales LIVE: Bale fires shot over the bar as Wales miss chance for equalizer; Follow Live Updates Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Football RELATED ARTICLESMORE FROM AUTHOR CricketLatest Sports NewsSports BusinessNewsSport Previous articleCricket Business : No pay cuts for West-Indies cricketers as yet but contract reviews onNext articleSocial Room : Hardik Pandya’s workout session at home amid quarantine days Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. TAGSBCCIBCCI NewsCricket BusinessIndian CricketerSports BusinessSports Business News India SHARE WTC Final Day 3 Stumps: India remove Conway and Latham; NZ 101/2 (49 ovs) trail by 116 runs Cricket Football last_img read more

Demings Claims Victory in First Primary Election Debate

first_img Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Chief Val Demings distributed a news release last week claiming victory in the first primary election debate between the four candidates vying to represent the Democrat Party in the race for Florida’s 10th Congressional District, which includes all of Apopka.“Chief Val Demings had a strong showing at the first Democratic debate forum, hosted by the Tiger Bay Club of Orlando,” according to the campaign’s Communications Director Caroline Rowland. “Speaking from her vast Central Florida leadership experience and showing a deep understanding of the issues, Chief Demings set herself apart as the most qualified candidate in the crowded Democratic Primary field.”“I enjoyed this opportunity to speak with my opponents and voters about the challenging issues facing Central Florida,” said Chief Val Demings. “Everything I have heard on the campaign trail is that voters are hungry for change and proven leadership. I believe I am that leader, and that the voters in District 10, see that.”The former Orlando Police Chief does lead her three opponents in the polls. A survey by Public Policy Polling showed Demings with a 22-point lead over State Senator Geraldine Thompson, and a 37-point lead over Bob Poe.Demings has both local and national backing that includes Orlando Mayor Buddy Dyer and Minority House Leader Nancy Pelosi.“Chief Demings showed she is the only candidate who has the knowledge and experience to tackle the issues covered in this debate, including national security, gun control, the federal budget, and economic development,” said the campaign’s Communications Director Caroline Rowland. “Chief Demings won this debate and clearly demonstrated that she is the strongest leader in the race and the only one who truly understands the issues facing the families of Central Florida.”Read more about the Tiger Bay Club debate here. Florida gas prices jump 12 cents; most expensive since 2014 UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply Representative Val Demingscenter_img Save my name, email, and website in this browser for the next time I comment. Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here TAGSBob PoeFatima Rita FahmyGeraldine ThompsonThuy LoweTiger Bay ClubVal Demings Previous article10th Congressional District Candidates talk gun controlNext articleOn This Day: July 5th, 1946 Dale Fenwick RELATED ARTICLESMORE FROM AUTHORlast_img read more

100% of proceeds to charity from two online malls

 15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 15 February 2000 | News Read about at Shopping for a Better World by Joyce Slaton at Wired and read UK Fundraising’s list of charity shopping malls. Two shopping malls designed to benefit charities have each promised to give 100% of all their proceeds to the beneficiary charities.Two shopping malls designed to benefit charities have each promised to give 100% of all their proceeds to the beneficiary charities. is run by two Stanford MBA graduates. They expect to fund the site by selling backbone IT services to non-profits and for-profits. In fact UK Fundraising first announced back in March 1999.ProductRange is a new UK service that offers an unusually wide range of online shops and says that it is “the only UK Shopping portal who donate 100% of commission income to your favourite charity.” Advertisement 100% of proceeds to charity from two online malls About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. read more

The Social Entrepreneur: Making Communities Work

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Howard Lake | 19 January 2008 | News The Social Entrepreneur: Making Communities Work  13 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Fort Worth looking beyond books as it adds libraries

first_imgReddIt TCU places second in the National Student Advertising Competition, the highest in school history Grace Amiss Grace Amiss Facebook Linkedin Previous articleCheez-It Bowl MVP Olonilua resolves legal issuesNext articleBoschini: New year, new leadership Grace Amiss RELATED ARTICLESMORE FROM AUTHOR Twitter printFort Worth is adding three new libraries, but there’s a hold on books.Physical books, that is. The proposed budget for the 2020 fiscal year cuts the library’s budget for print books by $300,000, a reflection of how libraries are evolving in the digital age. “Advancements in technology impact libraries in many of the same ways they affect the retail market place,” said Theresa Davis, the communications manager at the Fort Worth Public Library. “We must adapt to the growing demands of our customers. E-books and audiobooks continue to grow in popularity and we try to find the best ways to deliver them to our customers.” That said, print books continue to be more popular than e-books or audiobooks, according to a study done by the Pew Research Center, which concluded that people are 37% more likely to read a print book. “We have an obligation to continue to provide reading material in a variety of formats,” Davis said. “Our focus is on encouraging reading for fun, enjoyment and self-discovery. So if you want to read a graphic novel, we’ve got it. Magazines, we’ve got those too. Novels, cookbooks, historical documents, we’ve got them. And we’ve got all of those digitally or printed.”As the city’s literary hub, the Fort Worth Library remains committed to advancing reading throughout all generations. Digitizing libraries doesn’t just mean animated graphic novels or books that read to you; it opens up various sectors of opportunity for employment. “Libraries also provide resources for entrepreneurs and small businesses that might otherwise be unaffordable,” said Megan Cusick, the manager of state advocacy for the American Library Association. “Libraries today are not just about what we have for people, but what we do for and with people.” The city is positioning its libraries to be community hubs, according to the proposed budget. “Libraries offer resources, displays, talks and programming that showcase local and global artists across genres,” Cusick said. “They connect people with the resources to pursue their own passions.” Libraries also serve as a way for citizens to learn about and engage with their local communities. “Growing up in Chicago, going to the public library was a highlight in my week,” said Kate Edwards, a senior strategic communication major. “I loved using the computers there and finding different books to read. I thought it was so cool how I had unlimited access to so many stories and cool activities.” The budget plans to decrease funding for print books, but Davis said the Fort Worth Library isn’t worried.“The city has done an excellent job of supporting our materials budget for years,” Davis said. “Our professional staff of librarians who manage the collection are confident we have the funds we need to meet the demand for materials next year.” Despite living in an era ruled by technology, the future for libraries in this social media age is bright, both nationally and in Fort Worth. “What is most important to get younger generations interested in reading is having access to reading materials, no matter what the format,” Cusick said. “Social media allows libraries to engage with their communities in new and exciting ways, such as live-streamed storytimes and other events.”For the Fort Worth Library, looking toward the future doesn’t mean negating the past. “We are exploring new ways to utilize social media to expand the library experience into the digital world,” said Davis. “It’s a wonderful way to make connections with people and share stories.” + posts Twitter Grace Amiss Welcome TCU Class of 2025 Grace Amiss Language barriers remain in TCU’s alert system ReddIt Revamped enrollment process confuses some students Grace Amiss TCU cancels offer to trade tickets for canned food Linkedin Grace Amiss is a senior journalism major and managing editor for TCU360. When she is not reporting she is most likely raving about her golden retriever or taking a spin class. Grace is currently writing about student life at TCU, so feel free to drop her a line if you come across a story you feel is worth sharing! Facebook World Oceans Day shines spotlight on marine plastic pollution Flu activity remains high in Texas The Fort Worth Library. Photo by Nathan Lowe. last_img read more

#BREAKING Criminal brothers arrested in Limerick heroin seizure

first_imgFirst Irish death from Coronavirus Twitter TWO brothers and the senior figures of a deadly Limerick criminal gang have been arrested by gardai allegedly “cutting-up” €50,000 of heroin at a kitchen table in a house on the Northside of the city this Tuesday night.Sign up for the weekly Limerick Post newsletter Sign Up Following a planned search as part of Operation Thor, Gardai from Henry Street, together with members of the Regional Support Unit, the Divisional Drugs unit and senior crime detectives, raided a house on the city’s north side estate of St Mary’s Park shortly after 6pm.There, gardai found the two brothers, both whom have recently been released having served lengthy prison sentences, handling and dividing up a large consignment of heroin at the table.The two brothers found were arrested at the scene and remain in Garda custody.The brothers are aged 40 and 43, are to be taken to Henry Street and Mayorstone Garda stations for questioning under the provisions of drug trafficking legislation and can be questioned for seven days.They both have serious convictions violence, witness intimidation and for threats to kill.This week’s seizure comes after gardai made a significant dent in the operations of the same Limerick criminal gang just over four weeks ago.As part of the national anti-crime strategy Operation Thor, Gardai seized quantities of drugs and cash during planned searches last month.12 separate locations were searched during a planned operation involving Gardai­ attached to the Limerick Divisional Drugs Squad, Detective and Crime Units, Divisional Traffic Corps, Regional Support Unit and other local units on Saturday November 14. The locations searched included houses, derelict houses and waste lands.Then, controlled drugs, including cannabis resin, cocaine and benzodiazepine with a combined estimated street value in excess of €80,000, along with €13,000 in cash was seized during the searches.A number of shotgun cartridges were also recovered at one of the locations.No arrests were made during that phase of the investigation. Shannondoc operating but only by appointment Facebook Print Walk in Covid testing available in Limerick from Saturday 10th April Previous articleThe Alvin Purple Experience Christmas Party Part INext articleRusangano Family: showcase tours and a debut album in 2016 Staff Reporter Email No vaccines in Limerick yet center_img Linkedin Advertisement TAGSfeatured Surgeries and clinic cancellations extended WhatsApp NewsBreaking news#BREAKING Criminal brothers arrested in Limerick heroin seizureBy Staff Reporter – December 15, 2015 659 RELATED ARTICLESMORE FROM AUTHOR Proceedures and appointments cancelled again at UHLlast_img read more

Donegal Can’t Pay Won’t Pay say water charge boycott will succeed

first_img Facebook Donegal Can’t Pay Won’t Pay say water charge boycott will succeed Google+ WhatsApp Twitter Homepage BannerNews Gardai continue to investigate Kilmacrennan fire Pinterest RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North Twitter By News Highland – December 30, 2014 center_img Pinterest Facebook Previous articleNine new players in McGrath’s Fermanagh sideNext articleCisse accepts charge for Coleman clash News Highland 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp A spokesperson for Can’t Pay Won’t Pay in Donegal says they remain firmly convinced the water charges will be defeated by a massive public boycott in 2015.Liam Whyte says it’s clear from the way that Irish Water has been set up that privatisation is the ultimate goal of the government.He says people are beginning to realise that now, and that will feed a massive campaign of non payment in the coming weeks and months………….Audio Player Up/Down Arrow keys to increase or decrease volume. Further drop in people receiving PUP in Donegal Google+ Main Evening News, Sport and Obituaries Tuesday May 25th last_img read more

Karnataka State Road Transport Employees League Withdraw Strike Call After HC Rap

first_imgNews UpdatesKarnataka State Road Transport Employees League Withdraw Strike Call After HC Rap Mustafa Plumber24 April 2021 1:55 AMShare This – xAfter being rapped by the Karnataka High Court for going on a strike during the present pandemic, the Karnataka State Road Transport Employees League on Thursday informed the court that it has withdrawn the strike which was ongoing since April 7. Advocate N P Amruthesh appearing for the Union informed the court that “Observation made by this court we have respected and the union has withdrawn the strike. Believing in the judiciary and respect for this court.” He added that “About 10,000 employees are suspended and 15,000 employees issued notices and more than 1,000 are dismissed. If by force they (authorities) are going to vacate the quarters of employees it is the most inhuman way. They are acting just like British people. They are creating fear in the mind of employees.”Advertisement Advocate General Prabhuling K Navadgi filed a memo giving details about the steps taken after the strike was declared. He further said that “Four unions did not resort to strike. It was only the fifth union which is recently registered resorted to strike, when genuine employees wanted to come back to work, they (members of the union) indulged in arson and violence etc.” A division bench of Chief Justice Abhay Oka and Justice Suraj Govindaraj orally observed “We don’t want a situation in this pandemic that the strike is again repeated. Everybody is hard pressed, consider whether orders passed by you (suspension orders) can be kept in abeyance. We are not saying cancel the orders of suspension, keep the orders in abeyance and let these employees work.”Advertisement Counsel for the corporations informed the court that the suspended employees can appeal before the appellate authority and it can be considered there. She even clarified that many of the suspension orders of employees on probation were for reasons of indiscipline. To which the court suggested the Union to make a common appeal before the appellate authority by tomorrow in regard to the suspension orders. It orally observed “We want to resolve this issue. This issue concerns the common man so we are dealing with it.” Advertisement Advertisement The court then suggested to the Advocate General to file a status report about the suspension orders and notices issued to employees. It will hold a special hearing on April 26. A batch of petitions were filed recently bringing it to the notice of the court that almost 90 percent of the bus service in the state, of the four entities, KSRTC, NEKRTC BMTC, NWKRTC, have been pralaysed, due to the indefinite strike called by the union.Advertisement Advertisement Advertisement The bench had on the previous hearing observed that “We are not on the correctness or legitimacy of the demand put forth by the union. But we are of the view that apart from legality or illegality in present difficult situations placed due to Covid-19, such strikes will violate Fundamental Rights of citizens under Article 21, of the Constitution of India. Perhaps this is possibly the worst time to take recourse to the strike assuming that demands made by the union are legitimate.” Further it had said “We hope and trust that without compromising on the demands made by the union, it will come forward before the court with an assurance to everybody that service of these four entities will be immediately resumed so that the common man who is already under huge stress does not suffer further.”TagsKarnataka High Court Karnataka State Road Transport Employees League Karnataka Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Udaras na Gaeltachta confirm they have not yet been contacted by SLM

first_img Facebook Google+ News, Sport and Obituaries on Monday May 24th Homepage BannerNews Pinterest Pinterest Twitter Journey home will be easier – Paul Hegarty Harps come back to win in Waterford WhatsApp By News Highland – December 21, 2017 Google+center_img Udaras na Gaeltachta confirm they have not yet been contacted by SLM WhatsApp Previous articleMain Evening News, Sport and Obituaries Thursday December 21stNext articleExtradited man charged with attempted murder in NI News Highland Statement from Údarás na Gaeltachta regarding SLM Connect Teo., Gaoth Dobhair (21/12/17)Údarás na Gaeltachta is disappointed by the reports being received that SLM Ceangail Éire Teo. have terminated the employment of all of their staff today (21/12/17). This is a significant blow to the company’s current employees and to others who had recently secured new jobs in the company, particularly in advance of the Christmas period. Although company management maintained customary and regular correspondence with Údarás na Gaeltachta, as late as yesterday evening, Údarás were not given any indication that the company was to close today. Údarás have not received any contact from the company in this regard as yet.In line with its standard support schemes, Údarás na Gaeltachta approved a comprehensive support package for SLM Ceangail Éire Teo. when they were first established in Gaoth Dobhair in early 2016 and every appropriate assistance and support possible under state aid rules was made available to the Company. There were 32 people employed in the company (24 full time and 8 part time) and it is reported that 8 new posts were to commence in the company in January. A total of €171,467 in grant aid (Employment & Training Grants & Rental Subsidy) has been paid to the company to date. When the appropriate details are officially confirmed as regards reports of the companies liquidation Údarás na Gaeltachta will take all appropriate steps as regards recoupment of state aid invested.Mícheál Ó hÉanaigh, Chief Executive Údarás na Gaeltachta said “This news is a significant source of disappointment for the Gaoth Dobhair community just before the Christmas period and especially for the workers who have lost their jobs today. Údarás na Gaeltachta will continue with our diligent efforts to create new jobs on Gaoth Dobhair Business Park.” Facebook DL Debate – 24/05/21 Twitter Arranmore progress and potential flagged as population grows Important message for people attending LUH’s INR clinic RELATED ARTICLESMORE FROM AUTHORlast_img read more