Casino operator SkyCity Entertainment Group is planning to slash another 700 jobs amid a slowdown in business due to COVID-19.
This comes after around 200 salaried staff were dismissed in early April, citing COVID-19 had caused “an unprecedented impact on people, businesses and the global economy”.
This time, the company cited weaker economies, lower personal disposable income, changed entertainment habits, restrictions on mass gatherings, and social distancing requirements as reasons for the job losses.
“For a company that is centered around its people, this is incredibly difficult for all involved,” said SkyCity CEO Graeme Stephens.
“At SkyCity, we are a family and it is incredibly tough to say goodbye to valued team members, however, we need to ensure our business is best prepared to operate in the new environment.”
“These difficult actions will help to create a business that is sustainable in the medium and long term and one which can continue to support the thousands of jobs that will still remain,” he said.
The government is expected to announce today that New Zealand will move to a lesser restrictive environment but the move from COVID Level Three to COVID Level Two will still see borders closed which means international tourism will not resume soon.