Junket closes early retirement scheme after just one day

A Macau company was offering ex gratia payments to employees in exchange for resignation but curtailed the scheme after just one day.

Macau.- Tak Chun Group has terminated its voluntary redundancy scheme for employees just one day after announcing it.

The junket group announced the scheme on Monday (November 30) amid a context in which Macau’s GGR remains low and visitation has not recovered from the impact of the Covid-19 pandemic.

It said: “Tak Chun Group has introduced a special scheme with ex gratia payments for any staff who voluntarily chooses to resign from the company within a limited period.

“We believe that this scheme offers our staff a viable option for planning ahead under the current market condition.”

On Tuesday December 1, the company issued another statement saying the time for employees to take part in the scheme had ended.

In the latest notice, the group said the programme was offered to respond to a “certain staff demand.”

It said: “The scheme has now ceased. As usual, Tak Chun Group fully supports the governing directives of the Macau Special Administrative Region in fulfilling its corporate social responsibility.”