Resorts World Sentosa cuts 375 jobs amidst slowing business

The exercise began in late May this year, and most of the affected workers are believed to be foreigners.

Resorts World Sentosa (RWS) has let go of nearly 400 employees.

TODAY has reported that some 150 croupiers, 200 supervisors and 25 pit managers have been retrenched in recent weeks, either via voluntary retrenchment or termination of services.

The newspaper also reported that jobs have been cut in the face of slowing business due to the fall in the number of Chinese visitors. Song Seng Wun, a CIMB Private Banking economist that TODAY spoke to, attributed this drop to the Chinese government’s crackdown on corruption, as well as China’s declining economy.

According to the report, the retrenchment letter said: “In anticipation that the business situation is unlikely to improve anytime soon, we have made a very difficult decision to reduce manpower”.

The exercise began in late-May this year, and most of the affected workers are believed to be foreigners.

“RWS first offered us a voluntary retrenchment scheme with a package of half a month’s salary for every year of service. Whoever wanted to volunteer, they just give it to them first,” a pit manager was quoted as saying in the newspaper. “After that, they informed us they would be firing some of us in one week’s time.”

The pit manager, who requested to remain anonymous, added that he did not accept this voluntary retrenchment package. He was ultimately “sacked” and asked to leave on Thursday (June 9), and was given a severance package in excess of S$35,000 for six years of employment.

A Ministry of Manpower spokesperson told TODAY that the ministry, along with Workforce Development Agency and Singapore Tourism Board, are working with RWS and the labour union to provide assistance to the affected employees.  

Click here for more Talent Management News
Senior Ministry of Manpower officer killed in car accident
- 27 Apr 2017
She was hit by her husband, who witnesses said had reversed his car by mistake.
Visa to develop Singapore polytechnic students for growing FinTech sector
- 27 Apr 2017
This joint initiative aims to narrow the FinTech skills gap and strengthen the local skilled talent pool.
Malaysia's economic transformation project created over 140,000 jobs
- 26 Apr 2017
The east coast socio-economic transformation programme has also attracted S$32.6 billion worth of private investments.
New skills guide introduced for Singapore maritime workers
- 26 Apr 2017
This announcement comes on the same day Singapore was named the world's top maritime capital for the third consecutive time.
How can Singapore SMEs transform their operations?
- 22 Mar 2017
Without big budgets to hire the right skills, how can Singapore small and medium enterprises (SMEs) even tap on the Singapore Government's SME working capital loan to innovate their operations?
Malaysian employers must pay foreign worker levy themselves
- 04 Jan 2017
With effect from January 1 this year, Malaysian employers who wish to hire foreign workers will have to pay for the levies out of their own pockets. test