Finland’s Veikkaus is to enter contract negotiations with up to 620 members of staff, warning this could result in more redundancies, as part of its forward planning for the country’s transformation into a multi-licence market.

In June last year, the Finnish government announced Veikkaus’ current monopoly system would end “no later than 2026”. This was confirmed in a draft bill published in July this year, setting out plans for the new-look market to launch in 2027.

Veikkaus has been largely supportive of the plans but has warned on several occasions that it will impact jobs at the operator. State-owned Veikkaus will be split into separate companies that form part of the same group ahead of the market launching.

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