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Genting Sing

Stock Chart
Last Done 0.685
Change +0.010 (+1.48%)
Volume 3,980.6
Range 0.675 - 0.685

Related News

Retrenched RWS staff mostly foreigners: MOM

08 Aug 2020 09:00

By Tan Tam Mei

Foreigners bore the brunt of last month's retrenchment exercise at Resorts World Sentosa (RWS), with the integrated resort making efforts to cut costs and management salaries before it laid off workers, said the Ministry of Manpower (MOM) yesterday.

Before the retrenchment, local workers formed about 66 per cent of the staff. After the layoffs, the proportion increased to 75 per cent.

"Overall, after the retrenchment exercise, RWS has a stronger Singaporean core," said the ministry, responding to queries on the laying off of about 2,000 RWS employees.

"In all instances where a foreign employee and local employee had the same performance grade, preference was given to the local to be retained. In fact, for each category of workers, the foreign employee had to have a higher performance rating compared to the local employee, in order not to be retrenched," said the MOM.


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Source: Straits Times
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