Melco Crown Entertainment has announced new measures aimed at staving off large-scale redundancies at its Macau hotel and casino Crown Macau during the current difficult economic climate.
Employees have consented to several initiatives, including unpaid leave of between two and three days each month for all Macau staff and an option to take voluntary sabbatical leave to allow for travel or study. The company said such initiatives will enhance the long-term career prospects of its employees in the challenging economic environment, as well as providing stability for the local employment market.
Lawrence Ho, co-chairman and chief executive officer of Melco Crown Entertainment, said the long-term success of the company depends on its employees.
“We have insisted on exploring ways to avoid large-scale redundancies and our primary hope is to keep our employee teams together in the best shape possible,” he remarked. “This will enable us to best deal with the current turbulence in market conditions, so that when the market revives, as it most surely will, MPEL will be best poised to benefit.”
The company said it would be working closely with the Macau Government in order to successfully implement these initiatives.
