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Foxwoods Casino resorts to layoffs to battle economy

Foxwoods Casino resorts to layoffs to battle economy Foxwoods 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.

 Published on 06/28/2008

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