Following a cost and efficiency review, UK-listed bookmaker Ladbrokes has announced plans to restructure its international operations.

Under the plans, Damian Cope will step down from his position as managing director international and nine roles in the centrally based International team will be placed at risk of redundancy.

Cope has led a review of Ladbrokes’ Irish division which was placed under examinership process in April and saw companies such as Boylesports, Paddy Power and Betfred express interest in a potential acquisition. The company said that plans for the Irish business remain on hold until examinership is completed.

Meanwhile, the existing locally based management teams will continue as normal with Australia MD Dean Shannon reporting directly to CEO Jim Mullen.