CBC News Posted: Apr 04, 2014
The B.C. Lottery Corporation says flattening revenue figures are forcing it to cut costs and layoff staff across B.C.
The job cuts including 29 workers in Kamloops, 33 in Vancouver and five field staff who work around the province.
Wherever possible, roles were eliminated through attrition and voluntary termination, the corporation said in Friday morning in a statement.
Interim President Jim Lightbody says the B.C. corporation is facing the same challenges as lottery agencies across Canada.
"We have a systemic issue that all gaming jurisdictions are facing and that is a mature marketplace with rising operating costs and marginal revenue growth,” said Lightbody.
Overall, the Crown corporation plans to cut $20 million in operating costs and $20 million from capital projects to sustain its current net income.
BCLC generates more than $1 billion in revenue for the provincial government each year.
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