Resorts World Sentosa (RWS) will lay off its employees as part of cost-cutting measures following the impact brought about by the coronavirus pandemic on the tourism sector, it stated on Wednesday (15 July).
The resort, which is owned by Genting Singapore, released a statement today indicating that the decision was made after a thorough process of “careful deliberation and consultation”.
“In this latest round of review, we have made the difficult decision to implement a one-off workforce rationalization,” it stated, adding that all affected workers will get “fair compensation”.
RWS did not specify the number of employees retrenched, but it noted that the vast majority of local workers have been retained.
The resort has been streamlining its operational resources to stay agile amid the pandemic, such as reviewing all costs, eliminating non-essential spending and reducing the salaries of management by up to 30 per cent within the past few months.
“Our human resources team is working closely with the Ministry of Manpower, Attractions, Resorts and Entertainment Union (AREU) and Singapore National Employers Federation to ensure the exercise is carried out in a responsible, transparent and sensitive manner,” said RWS.
It has also worked with a multi-agency task force comprising AREU, the National Trades Union Congress’ Employment and Employability Institute, the Public Service Division, Workforce Singapore and SkillsFuture Singapore to help identify and match job openings for retrenched workers.
“With the support and expedient assistance from the task force, at least two to three job opportunities have been successfully identified and shortlisted for every affected local team member,” RWS added.