Australian casino operator Crown Resorts is laying off 11,500 staff after the government ordered all gambling venues closed for at least six months to prevent further COVID-19 transmission.
On Thursday, Crown announced that the government-ordered shutdown of gaming activities and other non-essential services at its Crown Melbourne and Crown Perth casinos on March 23 had forced the company to “substantially reduce its workforce.” Only employees in “business-critical functions” remain on the job.
The company said it has “progressively stood down, on either a full or partial basis, approximately 95% or over 11,500 of its employees.” Crown has attempted to soften the blow by making an ex gratia payment of two weeks’ pay to full-time and part-time employees who’ve been stood down, while eligible casual workers will get a lump sum payment of AU$1,000.
In an attempt to demonstrate that the pain is being felt at all levels, Crown CEO Ken Barton and “certain other senior management” are taking 20% pay cuts until June 30. Crown’s chair and board of directors are also taking 20% cuts for the same duration.