SINGAPORE- Millennium Hotels and Resorts will cut 159 jobs - or 15.2 per cent of its headcount here - as part of a review of its local office and hotel operations amid the pandemic-induced downturn.
The downturn has hit operations and performance hard, added the firm, which has already tightened expenditure across the company, including reducing salaries for senior leaders by up to 30 per cent.Millennium Hotels and Resorts had already cut the number of foreign employees from 520 to 379 between January and mid-August - a reduction of 37 per cent."This will bring our Singapore core from 61 per cent in January to 69 per cent," the firm said.
But"even with the cost-savings measures in place, still suffered losses globally and locally and had to turn to retrenchment as the last resort", he said. Mr John Tan, its vice-president of human resources for South-east Asia, said:"This global pandemic has severely disrupted our lives and businesses in unprecedented ways.