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.