(edited press release)
The Board of Directors of the New York City Off-Track Betting Corp. (NYC OTB) announced April 9 a temporary suspension of its planned layoffs of the organization’s more than 1,300 employees, which was set to take effect April 11.
The decision to suspend the planned layoffs for no more than one week comes as negotiations continue over a plan that would enable NYCOTB to continue operations.
“We fully recognize the devastating impact that the first day of closure will have, not only on our employees, but on the racing industry and thousands of other jobs throughout New York,” said NYCOTB president Raymond Casey in a release. “Although an agreement has still not materialized, we made the decision to suspend layoffs by no more than one week with the hope that those extra days will provide the necessary time to arrive at one.”
On March 26, NYCOTB issued 14-day termination notices to all of its employees.