Casino operators in Macau are getting pressurized to improve salaries of their employees this 12 months by Macau's unions and labour groups based on reports from the regional media.
http://coastofutopia.com/a-review-of-the-200-poker-chip-ace-king-suited-set-with-clear-top-aluminum-case/ Even though some casinos have gone on record to confirm on bonuses for 2016, there has been no announcement from the casino industry on increasing salaries this year.
The Macau Gaming Enterprises Staff's Association is the labour group that is affiliated with the influential trade union, the Macau Federation of Trade Unions. The association has confirmed that it will join hands with two other groups that also signify casino workers in Macau. They will be delivering letters to Macau's 6 casino operators calling for salary increases and bonuses in 2016.
Two of the 6 operators have declared bonus for their employees under their guaranteed bonus schemes. Wynn Macau Ltd announced that it would be paying a 1-month bonus to its employees before the Chinese New Yr vacation period, which commences on February seven this yr. The bonus will cover 98 % of its complete workforce of 8000 and will exclude senior management.
In a statement, Choi Kam Fu, director general of the Macau Gaming Enterprises Staff's Association mentioned,
The expenditures on the welfare of the staff do not occupy a massive portion of the overall operational fees. Some only make up around ten %. Based on the adjustment, the expenditures would not draw too significantly pressure.
SJM Holding, the other casino, also announced earlier that it will be paying out bonus as per its system of giving “living subsidies” twice a 12 months. It would be giving an yearly bonus that is equivalent to two months of salary for staff earning up to MOP20,000 per month and these with monthly salaries above that degree would be entitled to an annual bonus equivalent to one.five occasions their monthly wage or MOP40,000, what ever is larger. This was announced by means of an inner memo to workers which did not discuss any salary improve for this year.
Remi Poker The two Wynn and SJM holdings had provided a five percent salary hike in 2015 to its staff.
According to newspaper reports, SJM Holding's Chief executive Ambrose So Shu Fai has stated they would go over the problem of escalating salaries in 2016 right after taking into account the company's operational outcomes. The slowdown in Macau's casino business has put pressure on the margins of all operators due the continued drop in revenues.
