Reno-based IGT Announces Buyouts, Layoffs

RENO, Nev. (AP) - The struggling economy is taking a toll on Reno-based International Game Technology.

Executives at the world's largest maker of slot machines and casino systems say buyouts are being offered to workers, and an undetermined number will be laid off come January as the company
tries to cut costs and ride out the economic turmoil.

Employees were notified of the pending actions in an e-mail Tuesday from IGT Chairman and Chief Executive TJ Matthews.

IGT spokesman Ed Rogich says roughly 500 employees, age 55 and
over, were offered buyouts.

Matthews told workers a decision regarding layoffs is expected to be made by November with jobs being eliminated in January.

IGT employs about 5,400 workers worldwide, including 3,000 employees at its corporate headquarters in Reno.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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