Bookmaker William Hill tight-lipped over future of Bourne shop as it announces 700 branch closures
William Hill has not given any assurances over the future of its Bourne branch after announcing plans to close 700 shops.
The high street bookmaker, which has a shop in North Street, announced the plans this morning (July 4) which has placed 4,500 jobs at risk.
A statement from William Hill read: "William Hill has entered into a consultation process with retail colleagues over plans to close around 700 licensed betting offices.
"This follows the Government’s decision to reduce the maximum stake on B2 gaming products to £2 on April 1 this year.
"Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the Government’s decision was announced in May 2018.
"A large number of redundancies is anticipated with 4,500 colleagues at risk.
"The group will look to apply voluntary redundancy and redeployment measures extensively and will be providing support to all colleagues throughout the process.
"Subject to the outcome of the consultation process, shop closures are likely to begin before the end of the year."