Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RENO, NV-International Game Technology said Thursday it will reduce its workforce by an additional 200 people, taking its fiscal year total to just over 5,000 employees. Manufacturing-related positions are being shed in this latest restructuring by the maker of computerized games and systems for the casino industry.

IGT’s manufacturing functions are based mainly in Reno, where it is headquartered, with some related activities in Las Vegas, where its main sales force is located. Tony Ciorciari, the company’s EVP of operations says the effort is meant to “better align IGT supply chain capacity and resources to the demands of the market.”

The company recently completed an initial worldwide cost reduction effort that included an 8% workforce reduction. This latest restructuring effort is targeted for completion by April, Ciorciari said, adding that “Reno is and will continue to be the main headquarters of our manufacturing function.”

IGT’s Reno operations occupy 1.2 million square feet of owned space that houses its manufacturing, cabinet production, silkscreen, engineering, sales, and corporate administrative functions. The facility supports production for all of North America and all international markets, except Japan and the UK. The company also leases 147,000 square feet of additional warehousing facilities in Reno under agreements expiring through June 2013, according to SE filings.

Its largest sales and service force, as well as warehousing and administrative functions, are housed in the company’s new 618,000-square-foot Las Vegas campus. It moved onto the campus last year, thereby consolidating several leased locations. In its annual report released three months ago, the company said it also leases approximately 25,000 square feet of additional administration facilities in Las Vegas under agreements expiring between October 2009 and January 2013.

Additionally, as of the end of September, IGT leased approximately 396,000 square feet of warehousing, sales, and service facilities throughout the US and Canada under leases expiring between December 2008 and January 2016.

Internationally, IGT owns a 149,000-square-foot facility in the UK and leases an additional 51,000 square feet there under leases expiring through June 2015. The facilities support local manufacturing, sales, and administrative functions. In Australia and New Zealand, it owns two facilities with 15,000 square feet and leases 122,000 square feet under agreements expiring through December 2011. That space is used for subassembly, sales, and administration. All other international facilities total 213,000 square feet under leases expiring through February 2013.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.