MGM Resorts International mentioned Friday it’s sending separation letters to 18,000 U.S. employees who had been furloughed through the coronavirus pandemic, making their job cuts everlasting for now.
MGM’s Empire City stays closed in New York state, as does its Park MGM in Las Vegas. Casinos in Las Vegas, the place MGM has an outsized presence on the Strip, proceed to be particularly affected by declines in tourism and journey, restrictions on capability, the shortage of followers at sports activities occasions, and negligible convention and group enterprise.
At the beginning of this 12 months, the corporate employed 70,000 employees within the U.S.
“Nothing pains me more than delivering news like this,” CEO Bill Hornbuckle wrote within the separation letter to employees. “The heart of this company is our employees and the world-class service you provide. Please know that your leadership team is working around the clock to find ways to grow our business and welcome back more of our colleagues.”
The firm mentioned it is going to lengthen well being advantages for furloughed employees till Sept. 30. It’s promising employees who’re recalled earlier than the top of the 12 months that they may retain their seniority.
Federal regulation requires employees to be given a separation date in the event that they’re furloughed for longer than six months. Aug. 31 marks six months of administrative separation for the furloughed MGM employees.