Singapore casino Resorts World Sentosa has confirmed it will lay off a ‘significant’ number of its workforce to cut costs.
The casino, which employs more than 7,000 full-time workers, reopened at the end of June but remains severely impacted by the effects that the coronavirus pandemic has had on travel
The resort said in a statement: “Over the past few months, we have reviewed all costs, eliminated non-essential spending, and reduced the salaries of management by up to 30 percent. The global COVID-19 pandemic has brought about challenging economic times globally, generating a devastating impact on the tourism industry. In this latest round of review, we have made the difficult decision to implement a one-off workforce rationalisation. This decision was made after a thorough process of careful deliberation and consultation,” it said, adding that the move will help it prepare for the recovery of Singapore’s tourism sector.
“We fully understand the difficulty and anxiety this means to impacted team members and their families. RWS takes a long-term view of our manpower needs, including the consideration to maintain a strong Singaporean core,” it added.
RWS said it is working with various agencies to help retrenched employees find new jobs.
They include the Attractions, Resorts and Entertainment Union (AREU), Employment and Employability Institute (e2i), Public Service Division, Workforce Singapore and SkillsFuture Singapore.
“At least two to three job opportunities have been successfully identified and shortlisted for every affected local team member,” Genting Singapore added.
Singapore’s National Trades Union Congress said: “COVID-19 pandemic’s impact on the tourism industry is unprecedented, immediate, and immense.”