resorts to layoffs to battle economy
Resort Casino in Connecticut has laid off some of the staff as
part of the casino's reorganization to face the slow economy.
According to the Mashantucket Pequots, the tribe which owns
Foxwoods Casino, the employees laid off represent less than 2%
of the casino's staff, although the tribe declined to reveal the
exact number of employees let go. The tribe said that the laid
off staff will get two weeks severance pay for each year they
were employed, up to 13 years, and health benefits. The
Mashantucket Pequots say the layoffs of middle managers and some
hourly employees are part of an organizational review that began
in January because of rising gas and food prices.
"This has been a difficult week for
all of us. It is always sad to see fellow employees lose their
jobs. As organizations develop, they often grow more than
necessary during a sustained period of economic success. The
impact of rising fuel, food and payroll costs dictate that our
organization must make adjustments. These reductions will help
position us competitively for the future, which is bright,"
Foxwoods President Barry Cregan commented on the casino layoffs.