Genting Casino Jobs Malaysia
Genting owns resort hotels and a casino at Genting Highlands and resorts in Langkawi and Terengganu. All hotels in Malaysia have been closed since March 18 as part of a national shutdown to stop. What you need to know: Business news site Bloomberg reported that Genting Malaysia, which employs over 20,000 staff in 2019, will be removing around 3,000 jobs in an effort to recalibrate its cost structure as the hospitality and casino company tries to keep itself afloat with zero income during the Movement Control Order (MCO). Genting Malaysia Bhd is expected to cut up to 3000 jobs this month. The Edge reported that layoffs have already started taking place. The company had over 20,000 employees back in 2019, but had to implement temporary salary cuts, especially to those in higher ranks. Genting Malaysia is a leading multinational conglomerate that is principally involved in the leisure and hospitality business, covering theme parks, casinos, 13 days ago Save job Not interested Is there a problem with this job? New jobs for genting malaysia berhad in Malaysia available today on JobStreet - Quality Candidates, Quality Employers.
© Provided by Malay Mail In April, Genting Malaysia, for the first time since its formation in 1965, undertook company-wide pay cuts to weather the economic storm brought on by the Covid-19 pandemic. — Reuters picKUALA LUMPUR, June 17 — Some 3,000 jobs are expected to cut at Genting Malaysia Berhad, according to a report by financial daily The Edge.
Quoting unnamed sources, the report claimed that downsizing measures have already begun at the hospitality and casino company.
Genting Malaysia, employers to more than 20,000 staff in 2019, according to the report, has yet to respond to queries seeking to clarify the claim.
In April, Genting Malaysia, for the first time since its formation in 1965, undertook company-wide pay cuts to weather the economic storm brought on by the Covid-19 pandemic.
A month later, the group’s management team then announced it would be taking a 20 per cent pay cut in accordance with austerity measures introduced amid the ongoing pandemic.
Then, on May 25, the company announced it would undertake mutual and voluntary separation schemes for its employees.
The announcement had been made through an internal memo by senior vice-president of human resources Quan Cher Siong later sighted by Malay Mail, who said the company had to assess and recalibrate its cost structure, including staffing needs, based on both current and anticipated future operating capacities.
Today’s report did not mention if any retrenchment scheme would be offered to Genting Malaysia’s outgoing staff.
Genting Casino Jobs Malaysia Sdn Bhd
Additionally, the report by The Edge today detailed how the company’s shares had surged 1.9 per cent as of this morning, while Genting Bhd rose 1.6 per cent and were among the biggest gainers in the benchmark FTSE Bursa Malaysia KLCI index that declined 0.2 per cent.
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