Cambodia’s biggest casino to slash jobs, redundancy pay as Covid-19 hits profits

NagaWorld resort in the capital Phnom Penh will lay off 1,300 people but they will get lower severance packages because of current reduced wages.

With plunging profits, Cambodia’s largest casino is set to slash 1,300 jobs and pay redundant staff a fraction of the severance money they are legally owed, the workers’ union and advocates said, as the Covid-19 pandemic threatens labour laws worldwide.

NagaWorld resort – with almost 1,700 luxury rooms, themed gaming halls, karaoke lounges, spas and an underground shopping centre in the capital, Phnom Penh – told more than 15 per cent of staff that they will be laid off in the next few weeks.

Redundant staff will lose tens of thousands of dollars as severance packages will be calculated based on reduced wages in 2020 and using government guidelines introduced to help businesses hit by the pandemic, the union said.

In full: https://www.scmp.com/news/asia/southeast-asia/article/3131893/cambodias-biggest-casino-slash-jobs-redundancy-pay-covid

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