In Singapore and the operator behind the gambling-friendly Resorts World Sentosa complex has reportedly announced that it is set to initiate a round of layoffs so as to be better able to cope with a recent downturn in business caused by the coronavirus pandemic.
According to a report from GGRAsia, Genting Singapore Limited runs the 120-acre integrated casino resort on behalf of Asian entertainments giant Genting Malaysia Berhad and used an official Wednesday filing to declare that it had decided to implement an unspecified number of redundancies following a period of ‘careful deliberation and consultation.’
Coronavirus convalescence:
It was further reported that Resorts World Sentosa along with the rival Marina Bay Sands venue were temporarily shuttered from April 7 after the number of locals infected with the potentially-lethal coronavirus strain topped 1,480. The source detailed that both facilities began reviving non-gaming operations from June 19 in advance of partially re-opening their casinos 15 days ago.
Reportedly read the statement from Genting Singapore Limited…
“Over the past few months, we have reviewed all costs, eliminated non-essential spending and reduced the salaries of management by up to 30%. In this latest round of reviews, we have made the difficult decision to implement a one-off workforce rationalization.”
Considered consultation:
Genting Singapore Limited reportedly proclaimed that it would be working with domestic trade unions such as the Attractions, Resorts and Entertainment Union as well as government agencies in hopes of being able to ‘retain a vast majority of local staff’. The firm purportedly pronounced that it would moreover be endeavoring to present every one of the departing employees with ‘at least two to three job opportunities.’
Management maintenance:
March reportedly saw Genting Singapore Limited institute a series of cost control measures that saw its executive and non-executive teams take pay cuts of up to 18%. This scheme furthermore purportedly encompassed measures to ‘streamline workflow’ such as asking more junior staff members apply for ‘no-pay leave and/or annual leave.’
Serious streamlining:
In its most recent statement, the operator reportedly pronounced that it will be trying to ‘reinvent’ its proposition in order to become a ‘more adept and nimble organization’. It additionally purportedly asserted that this is to involve a jobs redesign ‘with technological innovation enhancing day-to-day processes’ so as to ‘increase productivity and create jobs with better remuneration prospects.’