Resorts World Sentosa has had to lay-off employees as it deals with the “devastating impact” of the coronavirus pandemic on the tourism industry.
In a statement, Resorts World Sentosa said that this was a “one-off workplace rationalisation” and the majority of its local staff remain with the company.
RWS explained that this was a difficult decision that was made after a thorough process of consultation.
2,000 employees could have been let go
Straits Times reports that around 2,000 employees were let go. At the end of 2019, RWS has around 7,000 employees. RWS, however, has not confirmed a specific number of lay-offs.
All staff who have been let go will receive compensation. The company is also working with the Government and local agencies to help these staff members find new jobs.
Tourism around the world has been severely affected by the coronavirus pandemic as countries closed their borders to stop its spread. Singapore closed all its attractions, non-essential services and schools in April.
COVID-19 has severely impacted the tourism industry
RWS said that this impact on tourism will leave “pervasive and lasting effects” that will “require significant adjustments by all travel and tourism players. RWS will begin the journey to adapt and transform as we stand united with Singapore to weather this crisis and prepare for the recovery of Singapore’s tourism.”
In order to respond quickly to situations in the current volatile climate, RWS has streamlined its operational resources. In a statement, the company explained that “over the past few months, we have reviewed all costs, eliminated non-essential spending and reduced the salaries of management by up to 30%.”
RWS is wholly owned by Genting Singapore, a company of the Genting Group.
Earlier this year, RWS closed the Crane Dance and the Maritime Experiential Museum to redevelop the waterfront promenade and expand the S.E.A Aquarium as part of its RWS 2.0 expansion plans. The company is also expanding Universal Studios Singapore with a Minion Park and a Super Nintendo World.