Star Casino have slashed 90 per cent of its workforce across its three Australian venues after they close amid the coronavirus pandemic.
The casino employs roughly 9,000 people in areas such as gaming, beverages and dining across it’s Sydney, Gold Coast and bola88 (bebas.Me) Brisbane venues.
Senior staff will also be stood down by the casinos.
‚As an immediate measure, The Star has taken a very difficult, but necessary, decision in relation to its workforce,‘ a letter to the ASX read.
Star Casino have slashed 90 per cent of its workforce across its three Australian venues as they close their doors amid the coronavirus pandemic (stock)
‚We are in the process of temporarily standing down over 90 per cent of our approximately 9,000 employees. These stand downs include senior management.
‚To assist our employees at this time, The Star has provided two weeks of paid pandemic leave. In addition, employees will be able to access any accrued annual and long service leave entitlements.‘
The casino’s management asserts once the financial impact of the pandemic eases their jobs will still be there.
Star Casino’s board and senior management will also take a cut to their fees and salaries.
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Details of their salary cuts will be revealed at a later date.
Chairman John O’Neill AO said: ‚This is a unique environment and one beyond our control in which we’re determined to balance the necessary measures needed to protect the business while considering the considerable human impact to our workforce.‘
Managing Director and Chief Executive Officer Matt Bekier echoed Mr O’Neill’s sentiments.
Mr Bekier said the casinos employ ‚incredible people with huge potential‘.
he casino employs roughly 9,000 people in areas such as gaming, beverages and dining across it’s Sydney, Gold Coast and Brisbane venues (stock)
‚We are also confronting, like the rest of society, an unprecedented challenge in the COVID-19 situation,‘ he said.
The casino closed trading on Monday, in line with the federal government closing down non-essential businesses.
Several businesses have needed to lay off staff following the government’s mandare that all non-essential businesses such as gyms, restaurants, cafes and bars must close.
On Tuesday Prime Minister Scott Morrison added businesses such as beauticians to that list.
Airlines such as Tiger Air and Qantas have stood down the majority of staff as flights were cut.