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KUALA LUMPUR, June 17 — Some 3,000 jobs are expected to cut at Genting Malaysia Berhad, according to a report by business news site Bloomberg. Quoting unnamed sources, the report claimed that downsizing measures have already begun at the hospitality and casino company. Genting owns resort hotels and a casino at Genting Highlands and resorts in Langkawi and Terengganu. All hotels in Malaysia have been closed since March 18 as part of a national shutdown to stop.
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- KUALA LUMPUR, June 17 — Some 3,000 jobs are expected to cut at Genting Malaysia Berhad, according to a report by financial daily The Edge. Quoting unnamed sources, the report claimed that.
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Resorts World Genting is forging ahead to a new era. We have innovative programs to bring your career to the next level and beyond.© Provided by Free Malaysia Today Genting Malaysia owns resorts in Genting Highlands, Langkawi and Terengganu.
PETALING JAYA: Resort-owner Genting Malaysia Bhd is to cut jobs and restructure its operations because of the loss of business caused by restrictions to control the Covid-19 pandemic.
Genting owns resort hotels and a casino at Genting Highlands and resorts in Langkawi and Terengganu. All hotels in Malaysia have been closed since March 18 as part of a national shutdown to stop Covid-19 infections.
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A senior vice-president, Quan Cher Siong, was quoted in a media report today as saying that the company had to restructure its Malaysian operations, which would mean “retrenching surplus labour, offering voluntary separation and mutual separation schemes”.
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He was reported to have said in an internal memo to employees that the company expected business recovery to be very challenging. “When business operations resume, we will face challenges to regain the level of business our company saw prior to the pandemic,” he said.
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In a quarterly report to the stock exchange on Thursday, Genting Malaysia reported a net loss of RM417.96 million because of business disruptions in its worldwide operations.