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Published on Monday, August 31, 2020

MGM Resorts permanently cutting 18,000 jobs






Casino operator MGM Resorts is turning 18,000 furloughs into permanent job losses.


The 18,000 US workers have been furloughed since the early days of the pandemic in March.


It accounts for more than a quarter of its workforce.


According to Reuters MGM employed nearly 70,000 full and part-time workers in the US before the pandemic.


"While the immediate future remains uncertain, I truly believe that the challenges we face today are not permanent," MGM Chief Executive Officer Bill Hornbuckle told employees in a letter.


"The fundamentals of our industry, our company and our communities will not change. Concerts, sports and entertainment remain on our horizon."


The layoffs were required as the company cannot continue furloughing workers for more than six months.


"Federal law requires companies to provide a date of separation for furloughed employees who are not recalled within six months," Hornbuckle wrote.


Workers will start receiving pink slips from Monday 31 August.


The company's Las Vegas hotels started gradually reopening in June at limited capacity.


Hornbuckle said laid off workers will stay on the recall list and if they are rehired before the end of 2021, they will keep their seniority and benefits.


 


Written by Ray Montgomery, US editor

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