Economy

MGM Lays Off 18000 Staff Across The US Due to Slow Recovery

MGM Lays Off 18000 Staff Across The US Due to Slow Recovery”

In a separate letter to company employees who went from furloughed to laid-off on Monday, Hornbuckle said MGM Resorts would extend their health benefits through September 30; that they would remain on a recall list; and that those reinstated by the end of 2021 would retain seniority and resume benefits. A company spokeswoman said the hotel will reopen when it can be done safely and there is enough demand.

MGM Resorts International has announced that it's Borgata Hotel Casino in Atlantic City is laying off 2,295 employees. Before the coronavirus pandemic, the company employed about 52,000 in Las Vegas, MGM Resorts did not announce the number of local staff laid off.

MGM CEO Hornbuckle is optimistic that the USA gaming industry will recover, leading to the return of the laid-off workers back to their positions. He added that the company hasn't "returned to full operating capacity".

As individual casinos confirm the pink slips, details about the locations experiencing the MGM job losses are emerging.

"Behind every worker is a family", Culinary Union executive Geoconda Argüello-Kline said in a statement describing the agreements with MGM Resorts and Caesars Entertainment Inc.as historic. The job cut at Empire City Casino is 1,100 people. MGM employed about 70,000 full- and part-time workers at the end of past year. Therefore, the 3,100 layoffs account for 57% of the workforce the property had before the pandemic.

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In light of the above context, the biggest and most famous casino owners of Las Vegas, Metro-Goldwyn-Mayer (MGM) have moved to terminate almost 18,000 of their Casino employees.

MGM Springfield, MA, laid off 1,000 workers, while MGM Northfield Park, OH, and MGM National Harbor, MD, released 900 and 800 employees, respectively.

The news comes after the operator completed the reopening of its Mirage Resort on Thursday last week.

Hornbuckle's letter to the affected workers showed how he was optimistic about the U.S. gaming industry recovering rapidly after the pandemic. The employment terminations took effect on Monday, August 31.

Argüello-Kline said they mean workers can keep health benefits until next year even if they are now idled, and retain seniority benefits when they return to their jobs. He has also stated that the employees, if return to their jobs before end of the year 2021, would gain back their seniority levels and would be absorbed in the industry accordingly.



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