MGM Resorts lays off 18,000 furloughed employees

Posted:: Sep 01, 2020 14:51 Category: Casino , Posted by Maria

MGM Resorts International has laid-off 18,000 furloughed employees across the US which is about 25% of its domestic workforce

According to federal legislation in the US companies must send layoff notices to furloughed employees who have not been brought back after six months. 

MGM Resorts names acting CEO, chairman of the board | Hotel ManagementMGM Resorts CEO Bill Hornbuckle said the operator would rehire workers when it could, but there is no specific timeline for that. Hornbuckle added: “While the immediate future remains uncertain, I truly believe that the challenges we face today are not permanent,” Hornbuckle further explained: “The fundamentals of our industry, our company and our communities will not change. Concerts, sports and awe-inspiring entertainment remain on our horizon. Our near-term operating environment will remain challenging and unpredictable as COVID-19 case trends, health and safety protocols, and travel restrictions continue to heavily impact our business. The long-term fundamentals of our business and the broader industry remain intact,”  

Additionally, Hornbuckle said: “Federal law requires companies to provide a date of separation for furloughed employees who are not recalled within six months. Regrettably, August 31, marks (that) date.” 

Back in March, 62,000 of its 70,000 furloughed employees by MGM following the casino closures in Las Vegas. It has reopened casinos in Las Vegas, Mississippi, Massachusetts, Michigan and New York but is operating at a 50 per cent capacity. 

About SiGMA Europe – Malta

SiGMA Group has announced the postponement of its Europe summit, which was planned to be held in Malta on 17-19 November 2020. The show will now open its doors early next year in February, running from the 16-18th, making it the first event to headline the 2021 gaming calendar.

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