Silver Heritage lays off 400 at Tiger Palace

Silver Heritage lays off 400 at Tiger Palace

The Australian company has confirmed it has laid off 400 members of staff in Nepal.

Nepal.- The Australian casino operator Silver Heritage Group has announced the layoff of 400 members of its staff at its Nepal casino, Tiger Palace Bhairahawa.

According to a report in The Himalayan Times, the company sent an email to the employees on September 9 informing them that their two-year contracts had been terminated and that they would not be reappointed.

The company attributed the decision to the difficult financial situation provoked by the Covid-19 pandemic.

Workers staged a protest in front of the casino, to demand reinstatement. They argue that the firm is violating Nepal’s Labour Act.

Silver Heritage entered into receivership on May 18. Last month, Philippines-based HatchAsia put forward a proposal to take over the company and inject AU$530 million (US$387 million) in cash.

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