Some of the more than 300 NetEnt employees whose jobs were on the chopping block may be breathing a sigh of relief as news has emerged that the gaming company has reached an out-of-court settlement with the General Works Union over the matter.

Reporting by Times of Malta from court revealed that the Union has withdrawn its application for a warrant of prohibitory injunction intended to stop the gaming company from laying off 324 staff members.

The mass layoffs follow the acquisition of the company by gaming giant Evolution, but employees first heard about it on 1st December, when security asked them to clear out their desks by the end of the day.

The sensational cuts were reported on all media, prompting the General Workers Union, that claims to represent a majority of NetEnt employees, to register an industrial dispute with both gaming companies, claiming that they were breaching the law on collective redundancies.

The GWU argued that NetEnt had failed to abide by local and European laws regulating collective redundancies.

Although no further details have been announced so far, it is understood that the company will be laying off fewer people than originally planned.

The case is being heard in the First Hall, Civil Court, presided over by Mr Justice Toni Abela.

Lawyer Aaron Mifsud Bonnici represented the union while lawyer Paul Gonzi appeared for the gaming firm.