RESORT and casino operator Crown Limited today confirmed it had stood down over 11,500 staff, or about 95% of its workforce, following the 23 Mar cessation of gaming activities and other non-essential services at Crown Perth and Crown Melbourne.
Crown has provided an ex gratia payment of two weeks’ pay to people stood down, and a lump sum payment of $1,000 to eligible casual workers.
CEO Ken Barton along with other senior management have taken a 20% pay cut, while Crown is also currently working through the implementation of the Government’s JobKeeper scheme.
The company has extended its credit facilities by another $560 million, and is also supporting the continuation of construction of Crown Sydney with a further $450 million project finance loan.
The new Sydney project remains on track for completion by the end of 2020, currently employing more than 1,300 workers.
Crown is also working with the Vic and Federal Governments to provide accommodation for people required to isolate when returning from overseas, and has established a pilot program to provide safe accommodation at no cost to people experiencing domestic violence at this time.
Barton said the company was “well placed to withstand an extended period of closure”.
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Source: traveldaily