MGM To Cut 20% Of US Workforce

Casino operator MGM Resorts is to lay off around 20% of its US workforce it has announced. The company said that the impact of the COVID-19 virus has severely impacted its US business and is looking to lay off around 18,000 of its workforce.

According to reports MGM has under law to inform by letter those staff who have been furloughed for six months or more of their intentions to make them redundant.

In a statement by chief executive Bill Hornbuckle cited by US newspaper The Washington Post he said of the layoffs to staff: While we have safely resumed operations at many of our properties and have returned tens of thousands of our colleagues to work, our industry — and country — continues to be impacted by the pandemic, and we have not returned to full operating capacity.”

It is understood that MGM have promised that when and if business picks up again to normal levels prior to the pandemic the company will re-instate those workers on the same level and benefits as before.