You are in:
IGT trims its own staff and acquires some PGIC assets
IGT has acquired some of the operating assets of Progressive Gaming International Corporation (PGIC) and is integrating activities with its respective offices in Europe, Asia, Australia, Latin America, Canada and the US.
IGT Executive Vice President of Product Strategy, Rich Schneider explained: "The PGIC system product line is designed for somewhat different market segments as compared to our current IGT Advantage line."
"As such, the technology is an ideal complement to our current offering, allowing us to immediately increase our system install base, while providing us with a more complete product offering for future sales opportunities. Further, this gives us the ability to better service the PGIC system install base with our server-based sbX system."
l Meanwhile, IGT announced it is cutting back on 200 manufacturing-related positions as part of its ongoing effort to improve its own business efficiencies in a sagging global economy.
IGT recently completed an initial worldwide cost reduction effort that included an eight percent workforce reduction through early retirement buy-outs and involuntary separations.
Including the latest lay-offs, total staff reductions in the current fiscal year represent just over ten percent of the total workforce worldwide, which remains at just over 5,000 employees.
