Genting Malaysia Bhd to undertake MSS, VSS for employees in Covid-19 restructuring exercise
Monday, 25 May 2020 09:25 PM MYTGenting Malaysia Bhd announced today it will undertake mutual and voluntary separation schemes for its employees to further mitigate the adverse financial impact from the ongoing Covid-19 pandemic. ― Reuters pic
The restructuring exercise would also mean retrenching surplus labour, offering voluntary separation and mutual separation schemes, Quan said. Last week, Genting Malaysia said it suffered a net loss of RM417.96 million in the first quarter of 2020 due to the temporary disruptions in its worldwide operations from the pandemic.
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