Singapore’s Resort World cut staffs as COVID-19 hit

KUALA LUMPUR 15 July - One of Singapore’s biggest private sector employers, Resort World Sentosa was laying off  its staff to cut costs amid COVID-19 hit.

However, the number of staff laid off is unrevealed. 

The resort in a statement today said, the measure taken after reviewing all costs, eliminated non-essential spending and cut the salaries of management up to 30%.

However, it had to make the difficult decision, retrenching its employees.

“In this latest round of review, we have made the difficult decision to implement a one-off workforce rationalization. 

“This decision was made after a thorough process of careful deliberation and consultation,” it said. 

While asserting the measure will help to recover the country’s tourism sector, it admitted the global COVID-19 pandemic has brought about challenging economic times globally, generating a devastating impact on the industry.

Resort World Sentosa is positioned as one of the top tourist attractions and destinations, while the industry contributes 4% of Singapore’s economy.

With the pandemic hitting was unexpected, Resort World Sentosa even announced to invest about S$4.5 billion (US$3.2 billion) as part of its expansion throughout the country. 

There are 12,500 employees of the company that also encompasses a hotel, a casino and a Universal Studios theme park. - DagangNews.com