Resorts World Genting Reopens As 3,000 Employees Laid Off

The dismissals represent 15% of the company's workforce.

Cover image via Resorts World Genting

After halting operations for the first time in 55 years, Resorts World Genting will reopen on Friday, 19 June, with enhanced safety and health measures

According to a statement published on Resorts World Genting's site, the resort will reopen selected attractions, hotels, and dining outlets at 10am on Friday

They will be enforcing strict health and safety protocols under their new guideline, 'StaySafe Promise'. 

This includes thorough disinfection of rooms, gaming equipment, banknotes and chips, as well as 'Service Ambassadors' who will be stationed at the casino floor to encourage social distancing and perform random temperature scans. 

As a visitor, you will be expected to use the MySejahtera contract tracing app, pay with 'eCash' instead of banknotes at casinos, practise social distancing, sanitise your hands with readily available hand sanitisers, and wear a mask.

Entry into SkyCasino and Genting Grand Hotel will also be restricted to Genting Rewards members only.

However, amid its reopening, Genting Malaysia Bhd (GENM) is laying off over 3,000 workers

The dismissals, which represent 15% of the company's 20,000 strong workforce, have already started, as reported by The Edge

After suffering a net loss of RM417.96 million in the first quarter of 2020 due to disruptions to its worldwide operations, GENM senior vice president of human resources Quan Cher Siong released an internal memo saying the company had to restructure its operations including staffing needs, as cited by Malay Mail.

Free Malaysia Today reported Quan as saying that restructuring would mean "retrenching surplus labour, offering voluntary separation, and mutual separation schemes".

The company has yet to release a statement indicating if any retrenchment scheme would be offered to outgoing staff.

Earlier this year, GENM undertook company-wide pay cuts to offset the economic impact brought on by the pandemic

In an internal memo seen by Bloomberg reporters in May, Genting Group chairman Tan Sri Lim Kok Thay proposed as much as a 20% temporary reduction of employee's salaries, based on their ranks. 

The chairman himself currently has a net worth of USD2.7 billion (approximately RM11.5 billion) according to Forbes

Image via KINIBIZ

At the time, GENM saw the greatest decline in shares out of the entire Genting Group, at 3.4%.

This came after GENM undertook company-wide pay cuts for the first time since its formation in 1965.

Despite the pay cuts and layoffs, the company is confident that all its facilities would be operational, including their 20th Century Fox theme park which is expected to open next year

A report by New Straits Times noted that including its own employees, third party businesses, local suppliers, and contractors, Resorts World Genting's businesses support over 70,000 jobs in Malaysia.

The group emphasised the role they play within the Malaysian economy saying, "Our businesses generate significant activities in the local economy and we remain committed to playing our role as a key contributor to the Malaysian economy as well as remaining one of the largest employers in the post COVID-19 crisis," according to New Straits Times

One venture includes the revival of plans to construct their 20th Century Fox theme park after Genting Group and 20th Century Fox agreed on a settlement in 2019. 

Image via AspirantSG

Keep practising social distancing and wash your hands often. Watch the latest update on the COVID-19 situation:

Last year, Lim Kok Thay was applauded for lowering his salary by 20% after Genting saw a decline in its performance:

Meanwhile, unemployment is expected to rise in Malaysia following the pandemic and subsequent movement restriction orders:

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