Tiger Resorts is making 1,000 members of staff at its Okada Manila integrated resort in the Philippines redundant from mid-June due to the coronavirus closures.
Okada Manila President Takashi Oya said: “It is a reality that the company could not escape because of the new normal that lies ahead of us. Not having any revenues since the lockdown has been financially draining and caused severe losses to the company, and if this is not addressed, its losses will pile up. Okada Manila is also constrained to change the way it does business, which means it will just require a smaller workforce. For it to remain a viable business, we will have to let go of more than 1,000 employees.”
Okada Manila has been closed since March 15.