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Resorts World Sentosa, one in every of Singapore’s largest non-public sector employers, stated on Wednesday it was shedding employees to chop prices as the coronavirus pandemic batters the city-state’s tourism business.
The firm, owned by Genting Singapore Ltd, didn’t disclose what number of jobs might be misplaced, however the native Straits Times newspaper stated the cuts have been “significant”.
A spokesperson for Resorts World Sentosa stated the agency had over 7,000 full-time workers on the finish of 2019, however declined to touch upon its present employment degree. The Genting Singapore web site says RWS is one in every of Singapore’s largest employers.
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Resorts World Sentosa’s amenities, unfold over 49 hectares, embody a lodge, a on line casino and a Universal Studios theme park amongst different points of interest.
“We have made the difficult decision to implement a one-off workforce rationalisation,” it stated in a assertion.
A handful of employees trudging previous largely quiet eating places outdoors the doorway to the on line casino on Wednesday afternoon instructed Reuters that they had been referred to as in to satisfy with the human assets division.
Singapore’s financial system plunged into recession within the second quarter, shrinking a file 41% from the earlier quarter, knowledge confirmed on Tuesday, placing it on observe for its deepest droop ever.
The tourism business, which contributes about 4% to the financial system, has been one of many worst affected sectors resulting from journey restrictions and a lockdown that lasted greater than two months to curb the unfold of Covid-19.
Across the causeway, on line casino operator Genting Malaysia was reducing 3,000 jobs, or about 15% of its workforce, media reported final month. Genting Malaysia didn’t reply to a request for remark.
Genting Singapore and Genting Malaysia are a part of Malaysian conglomerate Genting Berhad.
“Covid-19 pandemic’s impact on the tourism industry is unprecedented, immediate, and immense,” Singapore’s National Trades Union Congress stated in a assertion on the job cuts.
It added that it was working with Resorts World Sentosa on compensation phrases, and would assist affected workers with coaching and discovering new jobs.
Just final yr the corporate introduced it will make investments about S$4.5 billion ($3.2 billion) to develop its vacationer points of interest within the city-state.
(This story has been revealed from a wire company feed with out modifications to the textual content. Only the headline has been modified.)
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