GAMING:
IGT layoffs begin this week
Thursday, Nov. 13, 2008 | 5:04 p.m.
Hurt by the slumping economy, the world's No. 1 slot machine manufacturer began laying off about 500 workers this week as part of a companywide cost-cutting effort that began a few months ago.
International Game Technology employs some 3,000 people at its Reno headquarters and another 1,000 or so people in Las Vegas. Nearly 10 percent of the company's global workforce will leave in the next few days, though they will be paid through January 4.
About 200 of those laid off accepted early retirement packages. The company notified employees of the buyout plan in September.
IGT expects to save more than $100 million from an ongoing cost savings plan, executives say.
- Most Read
- Discussed
- Most E-mailed
- Joe Perry: Steven Tyler has quit Aerosmith
- Live Main Event blog: Cada and Moon set to square off heads-up
- Judge dismisses suits blaming Las Vegas Sands for stock drop
- Freddie Roach talks tough; Manny Pacquiao backs it up
- Commercial development in Las Vegas grinding to a halt, analyst says
- Strip sign-lighting ceremony set for Monday
- County considers suing over travel Web site room taxes
- Ensign moves out of home on C Street
- Cada and Moon emerge as Main Event’s final two
- Metro identifies officers, sergeants in 2 fatal struggles
Blogs
The Kats Report
Buchanan was one of the city's truly flamboyant characters
Sports: Upon Further Review
Fight snapshot: Reviewing "24/7 Pacquiao/Cotto," episode 3
The Kats Report
Life in the Limelight: Wayne Newton (2 Comments)
Politics: Ralston's Flash
An entire campaign in one mail piece for Harry Reid (3 Comments)
Miech Again
On the road to Long Beach, UNLV hoops style (13 Comments)
The Kats Report
Vocal strain prompts Wayne Brady to call off 'Making It Up' until 2010 (1 Comment)
The Greene Room
New Mexico soccer player goes MMA on BYU (16 Comments)
Calendar »
- 8 Sun
- 9 Mon
- 10 Tue
- 11 Wed
- 12 Thu
-
76 Trombones + 4 concert at Artemus Ham Hall
Artemus Ham Hall at UNLV | 2 p.m. to 4 p.m.
-
The Smothers Brothers at The Orleans Showroom
The Orleans Showroom
-
Abbacadabra at The Las Vegas Hilton
Las Vegas Hilton
-
Roy Clark at The South Point Showroom
South Point Showroom
-
Zowie Bowie's Vintage Vegas Show at Monte Carlo
Lance Burton Theater
The Sun
Locally owned and independent for more than 50 years.
Technorati









Post a comment
Commenting requires registration.
Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Full comments policy.