SINGAPORE: Resorts World Sentosa (RWS), one of Singapore's biggest private-sector employers, said on Wednesday (Jul 15) it was laying off staff as part of cost-cutting measures in the wake of the coronavirus pandemic.
The resort, which is owned by Genting Singapore, declined to say how many staff members were affected when contacted by CNA. As of the end of last year, it had more than 7,000 full-time employees.
RWS said in a statement it had already "reviewed all costs", eliminated non-essential spending and cut the salaries of management by up to 30 per cent, but had to make the "difficult decision" to retrench employees.
"The global COVID-19 pandemic has brought about challenging economic times globally, generating a devastating impact on the tourism industry," RWS said.