Wynn Macau to lay off overseas senior management

The decision is part of a long-term plan to manage succession and localisation. 

Macau.- Wynn Macau will not renew the contracts of a number of overseas middle and senior management staff. 

The decision is part of a long-term plan the operator is putting in place in order to manage succession and localisation of key executives.  

Local media reported that several “blue card” staff in Wynn Macau had been offered compensation for the termination of their employment. 

GGRAsia said the local government is expecting a reduction in foreign workers in management positions and their replacement with local talent.  

The company also confirmed the temporary closure of some of its resorts’ most famous restaurants until visitation levels recover.  

The operator has been cutting costs to manage its balance sheet and protect finances from the hit taken during the pandemic. Part of its staff has had to take a mix of paid and unpaid leave.  

Wynn Macau reported a US$280.7 million net loss in the third quarter of 2020.