Angela Merkel is slowly moving Germany into the right direction during the COVID-19 pandemic, with positive changes to the social distancing practices being implemented at present. In turn, this is motivating the Gauselmann Group to look forward to a time after the pandemic where business can resume to some form of normalcy.
The Gauselmann Group owns several sports betting shops and ten casino venues which have all felt the prevalent sting of the COVID-19 pandemic. In total, the Gauselmann Group has had to close down over 700 of their casino and betting venues across Germany. However, there does appear to be some good news as Germany’s Chancellor Angela Merkel is easing up on some of the restrictions. This has sparked new hope in the Gauselmann Group but they still face challenges in maintaining the entirety of their workforce.
According to CEO and founder Paul Gauselmann “ solidarity is our primary focus. Preserving our 14000 employees jobs is our main hope. Our employees have been with us for decades which is why we cannot afford to abandon them now during these tough times. The task is made all the more difficult due to our waivering revenue intake.”
In order to get their workforce through the short term of these unprecedented times, Paul Gauselmann has said that they will increase the short-time work available to their employees to ensure the longevity of the company. Coupled with this difficult choice, the board members and managers have agreed to a 50% pay cut on their current salaries.
It has not been all doom and gloom for the Gauselmann Group, as the landlords of their venues have reduced their rent by 50% which according to Paul Gauselmann has “ helped to secure the liquidity of the company and maintain a certain level of clout.”
The Gauselmann Group are already making preparations for when the restrictions are lifted, by producing new products for their loyal German clientele. Furthermore, the company’s casino venues already adhere to the now new norms of social distancing and according to board member Dieter Kuhlmann, they will be additionally compounded with further safety measures. This will ensure the safety of the casino players and guests.
Things appear to be looking up for the future of the Gauselmann Group and its employees, as the company tries to plan for a future with a more familiar environment, one without COVID-19.
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