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Chitchat MOM & RWS Retrenchment

scroobal

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Loyal
I cannot recall a single instance of MOM doing anything against an employer when it comes to retrenchment. Thats since its inception.

When Micropolis collapsed under Ho Ching's leadership. Singapore factory workers in Micropolis got one's months salary while their Thai counterparts in the Thai factory got twice the amount.

They might as well change the name to Ministry of Employer Relations




http://www.todayonline.com/business/mom-looking-alleged-discrimination-rws-retrenchmentMOM looking into alleged discrimination in RWS layoffs

BY
RUMI HARDASMALANI
[email protected]ISHED: 7:30 PM, JULY 28, 2016UPDATED: 7:37 AM, JULY 29, 2016
SINGAPORE — The Ministry of Manpower (MOM) is examining Resorts World Sentosa’s (RWS) recent retrenchment exercise that laid off about 400 jobs, as former employees continue to file complaints and appeals against the integrated resort with casino, alleging discriminatory practices, unfair dismissals as well as inadequate compensation.

While some appeals have been dismissed on various grounds, others are being followed up by the MOM. The former RWS employees whose cases are being examined by the MOM were paid below S$4,500 per month and are covered under the Employment Act. “The MOM is currently looking into the feedback received, alleging discriminatory practices in the retrenchment exercise at RWS,” a spokesperson at the MOM told TODAY.

RELATEDNEWS
BUSINESS
RWS lets go of 400 staff as casino sees fewer visitors
JUNE 9
In May, 12,000-strong RWS began laying off workers at its casino operations as turnover from Chinese high-rollers continued to slump amid a corruption crackdown in China and a slowdown in the world’s second-largest economy. About 150 croupiers, 200 supervisors and two dozen pit managers have been let go in recent months.

Some former employees alleged that Singaporeans were unfairly retrenched by RWS, as foreigners were retained and even sought after, pointing to an advertisement the company had placed in Malaysia for casino staff with pay offered in Singapore dollar terms.

“It is not fair for a company to fire Singaporeans and hire foreigners at lower Singapore dollar salaries … The advertisement was later pulled,” one complainant said.

“We were fired on the spot without any satisfactory explanation on how individuals were chosen for the job cuts. The company’s Performance Level Assessment programme is unfair,” said an appellant who complained to the MOM last month.

In its e-mail responses to these appeals seen by TODAY, the MOM indicated that RWS is being engaged to find out more about the retrenchment exercise. The MOM said it was “waiting for the company’s response on how they have conducted the retrenchment exercise and their decision-making process on deriving the list of employees to be retrenched”.

“We will continue to engage with MOM to facilitate any clarification, if necessary ... We would like to reiterate that RWS has worked closely with the MOM and the Attractions, Resorts & Entertainment Union (AREU) to extend fair terms to all affected employees,” an RWS spokesperson said in response to TODAY’s queries.

According to employment and labour relations lawyer Vernon Voon, a partner at RHTLaw Taylor Wessing, there are no regulations that require RWS to terminate foreign employees before Singaporean citizens and Permanent Residents, as companies retain the right to retrench based on their needs and the skill sets of their employees, and not by virtue of nationality.

However, he added: “Although the retrenchment per se is not unfair or unlawful, MOM should be astute to discern if RWS’ retrenchment exercise has unfairly targeted Singaporeans … or used criteria for retrenchment that are not objective and relevant to the job at hand.”

AREU executive secretary Desmond Choo said that, despite the absence of a collective agreement, the affected Singaporean workers received retrenchment packages as well as additional S$1,500 training grant payouts that will help them secure jobs in other industries or in positions that may require retraining.

“Our union members also received 12 months’ union membership fees by the management, which will enable them to continue to enjoy union membership benefits such as scholarship and bursaries for their children, financial assistance as well as other social benefits. Additionally, AREU has also offered financial assistance and training opportunities to union members,” Mr Choo said.
 

chootchiew

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Asset
Can I ask a chootchiew valid question here.
How can a casino make losses and retrenchment ?

Reasons ?
Less gambler ?
More lucky gambler ?
I thought people say the house always win ?
 

scroobal

Alfrescian
Loyal
Not making losses but drop in volume and therefore excess staff. Whenever business have to retrench staff they will use the exercise and the excuse to get rid of poor performing staff and troublemakers as well. So the retrenched number is always higher than required. They then backfill discretely from the open market. In this case, they are recruiting from Malaysia.



Can I ask a chootchiew valid question here.
How can a casino make losses and retrenchment ?

Reasons ?
Less gambler ?
More lucky gambler ?
I thought people say the house always win ?
 

chootchiew

Alfrescian (Inf)
Asset
Not making losses but drop in volume and therefore excess staff. Whenever business have to retrench staff they will use the exercise and the excuse to get rid of poor performing staff and troublemakers as well. So the retrenched number is always higher than required. They then backfill discretely from the open market. In this case, they are recruiting from Malaysia.

Oic.then OK la normal . When gamblers all return they will hire again. Those retrenched can standby for rehiring since they already trained in gaming.
 

ckmpd

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Loyal
MOM normally sides employers and works against Singapore workers.

A look at HealthServe and we know MOM ignores workers
 

frenchbriefs

Alfrescian (Inf)
Asset
losses because they make too many hundreds of millions of bad debt to high rollers,end up all default and runroad and casino incur losses,and these kumgong management are too greedy and want to boost profit as much as possible thinking they can get the debt back later,stupid casinos should cancel the levy instead and let the ordinary man on the street gamble like australia,as least we play with cash and not credit,income more stable and constant,at most a few sinkies commit suicide here and there but who cares?get rid of the garbage of society and kill two birds with one stone.....also easy for casino to incur loss cause casino overheads are very high and theres alot of wastage.....MBS is a very posh place,alot of air con and lights and food and drinks flowing to keep the gamblers happy.
 

chootchiew

Alfrescian (Inf)
Asset
losses because they make too many hundreds of millions of bad debt to high rollers,end up all default and runroad and casino incur losses,and these kumgong management are too greedy and want to boost profit as much as possible thinking they can get the debt back later,stupid casinos should cancel the levy instead and let the ordinary man on the street gamble like australia,as least we play with cash and not credit.....also easy for casino to incur loss cause casino overheads are very high and theres alot of wastage.....MBS is a very posh place,

Bad debts to high roller I heard but I thought should be a temporary problem. Can just run road without paying back ? No law to charge them ?
 

ckmpd

Alfrescian
Loyal
Bad debts to high roller I heard but I thought should be a temporary problem. Can just run road without paying back ? No law to charge them ?

MBS and RWS are facing big problems. It takes effort and time to chase after bad debts. And at the end of the case, the gambler can declare bankrupt. If the casino is too stringent on credit, it may hinder high rollers. If casino is too easy, bad debt will increase
 

Reddog

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Loyal
Singaporeans to be retrenched first in Singapore. Funny, how the 69.9% wants this. Tough on my understanding.
 

scroobal

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Loyal
Casinos typically are designed in a sectional way. When there is a boom, all the sections are opened. Low economic climate, the sections further back are closed off and lights turned off and partitions closed. You still think full house if you are new to the place.

In the old days, they use table cloth to cover the unused tabes.

Oic.then OK la normal . When gamblers all return they will hire again. Those retrenched can standby for rehiring since they already trained in gaming.
 

scroobal

Alfrescian
Loyal
With the calculation of odds, bad debts will never bring the house down. Poor management will. Besides the fixed cost and operating cost, there is no physical product sold in a gaming business. Bad debts have only an impact on the amount of profit. Most Casinos have done away with high commission paid to junket and package operators if the gambling debt is not paid. So that end is also covered. Anyway the state now regulates the amount of credit that can be offered.

MBS and RWS are facing big problems. It takes effort and time to chase after bad debts. And at the end of the case, the gambler can declare bankrupt. If the casino is too stringent on credit, it may hinder high rollers. If casino is too easy, bad debt will increase
 

frenchbriefs

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Asset
With the calculation of odds, bad debts will never bring the house down. Poor management will. Besides the fixed cost and operating cost, there is no physical product sold in a gaming business. Bad debts have only an impact on the amount of profit. Most Casinos have done away with high commission paid to junket and package operators if the gambling debt is not paid. So that end is also covered. Anyway the state now regulates the amount of credit that can be offered.

bad debts wont bring the house down?the people that win,ur casino has to pay them and honor the bet,the casino loses money,the gambler cashes out and makes a profit,money is flowing out of the casino.when someone borrow money from the casino and loses and he doesnt pay his debts,how is the casino going to make money when money is not flowing into the casino!!!!the lifeblood of the casino is the money flowing into the casino(which is true for any company),they should demand every gambler deposit cold hard cash,lending gamblers money is a fools game!!!!!!!the purpose of lending the gambler money is so they can play first and honor their debt later if they lose,but if they dont honor their debt when they lose the casino faces a shortfall because they have to pay the other gamblers who win.

and more importantly since the odds are stacked against the gambler,the gambler loses more often than they win,which means alot of these gamblers are losing and going broke and not honoring their debt and fucking the casino even harder and faster.

when i open my online poker site,i will demand every customer to deposit cold hard cash!!!!no such thing as lending money,u want borrow money go to a fucking bank,if u dont deposit money into my business how i make money?????the goal of every gambling institution is to have people deposit more money than they withdraw,but if they dont deposit money at all theres no chance of me making any money!!!!!the last thing on earth u want to trust is the words of a gambler especially a losing one,from my years of poker experience.u no money dont step in my fucking casino!!!!!!
 
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frenchbriefs

Alfrescian (Inf)
Asset
looks like MBS was more well run than RWS,bad debt nearly killed RWS,they pulled in revenues of 1.85 billion but made a profit of only $82 million which is razor thin less than 5 percent profit margin,another 82 million of bad debts they would have been in the red.

MBS where i used to work on the other hand pulled in revenues of about 2.9 billion and made profit of 1.5 billion,a nice profit margin of nearly 50 percent.godlike for any business.sheldon adelson just added another billion to his networth.

what can u learn from this,well the overhead or cost of running a casino is pretty steep,about 1 billion.if u take the previous profit of RWS which is about 400 million.assuming the cost of running a casino or overheads is fixed,MBS pulled in 2.9 bil revenues which is 1.1 bil more than RWS,and they made a profit of 1.5 bil which is 1.1 bil more than RWS's previous 400m profit before it fell 81 percent.hence we can conclude cost of running a casino is about 1 bil a year.unless RWS finds a way to cut costs or increase revenues,their potential for profit is severely restricted.

------------------------------------------------------------------------------------------------

Genting Singapore saw net profit slide 81 per cent to $82.94 million for the nine months to Sept 30, as revenue fell 17 per cent to $1.85 billion. Revenue from gaming fell 21 per cent to $1.38 billion for the period. The company will announce its full-year results tomorrow.

Marina Bay Sands (MBS), the other integrated resort, posted a 12.6 per cent drop in net profit last year to $1.51 billion. Revenue for the 12 months to Dec 31 was 8.1 per cent lower at $2.95 billion.
 

chootchiew

Alfrescian (Inf)
Asset
Casinos typically are designed in a sectional way. When there is a boom, all the sections are opened. Low economic climate, the sections further back are closed off and lights turned off and partitions closed. You still think full house if you are new to the place.

In the old days, they use table cloth to cover the unused tabes.

When I was at rws, I saw like what u said lights off, table clothe down on many tables and the active tables are so crowded that I got no chance to bet.
 

chootchiew

Alfrescian (Inf)
Asset
looks like MBS was more well run than RWS,bad debt nearly killed RWS,they pulled in revenues of 1.85 billion but made a profit of only $82 million which is razor thin less than 5 percent profit margin,another 82 million of bad debts they would have been in the red.

MBS where i used to work on the other hand pulled in revenues of about 2.9 billion and made profit of 1.5 billion,a nice profit margin of nearly 50 percent.godlike for any business.sheldon adelson just added another billion to his networth.

what can u learn from this,well the overhead or cost of running a casino is pretty steep,about 1 billion.if u take the previous profit of RWS which is about 400 million.assuming the cost of running a casino or overheads is fixed,MBS pulled in 2.9 bil revenues which is 1.1 bil more than RWS,and they made a profit of 1.5 bil which is 1.1 bil more than RWS's previous 400m profit before it fell 81 percent.hence we can conclude cost of running a casino is about 1 bil a year.unless RWS finds a way to cut costs or increase revenues,their potential for profit is severely restricted.

------------------------------------------------------------------------------------------------

Genting Singapore saw net profit slide 81 per cent to $82.94 million for the nine months to Sept 30, as revenue fell 17 per cent to $1.85 billion. Revenue from gaming fell 21 per cent to $1.38 billion for the period. The company will announce its full-year results tomorrow.

Marina Bay Sands (MBS), the other integrated resort, posted a 12.6 per cent drop in net profit last year to $1.51 billion. Revenue for the 12 months to Dec 31 was 8.1 per cent lower at $2.95 billion.

Bro you can be the rws next ceo :biggrin:
 

chootchiew

Alfrescian (Inf)
Asset
True but I have a policy that any ceo or director must have a stake in the company in order to foster responsibility and accountability and have skin in the game so I need to own at least 10% of MBS shares first.

After u take over rws as new ceo can u retrench all the cbl vps first before the croupiers. I know some cbl staff from Star cruise that can poach by MBS and rws to be vps and continue to cbl there.
 

scroobal

Alfrescian
Loyal
No need a $1B to run a casino. Just go to London, there are numerous casinos all over the city, some in hotels. I am not talking about pokie machines. Some have few tables. Some are small but cater to high rollers. All you need is license, some capita and good management. Singaporeans assume that Casinos must be high palatial monsters. In its smallest form take a look at the bookmakers in OZ race courses where they have a book, stand in open enclosure and people mill around them placing their bets. No office, no shade etc. Some can even handle bets over a $1m.

I think you are mixing up integrated resorts that has casinos with theme parks and various attractions. Thats a huge business. Trying hiring big name entertainers and runnings esoteric attractions.

Sheldon nearing went broke in 2009 during the financial crisis. He took massive loans and the repayment is high. It was flashed all over the papers.

looks like MBS was more well run than RWS,bad debt nearly killed RWS,they pulled in revenues of 1.85 billion but made a profit of only $82 million which is razor thin less than 5 percent profit margin,another 82 million of bad debts they would have been in the red.

MBS where i used to work on the other hand pulled in revenues of about 2.9 billion and made profit of 1.5 billion,a nice profit margin of nearly 50 percent.godlike for any business.sheldon adelson just added another billion to his networth.

what can u learn from this,well the overhead or cost of running a casino is pretty steep,about 1 billion.if u take the previous profit of RWS which is about 400 million.assuming the cost of running a casino or overheads is fixed,MBS pulled in 2.9 bil revenues which is 1.1 bil more than RWS,and they made a profit of 1.5 bil which is 1.1 bil more than RWS's previous 400m profit before it fell 81 percent.hence we can conclude cost of running a casino is about 1 bil a year.unless RWS finds a way to cut costs or increase revenues,their potential for profit is severely restricted.

------------------------------------------------------------------------------------------------

Genting Singapore saw net profit slide 81 per cent to $82.94 million for the nine months to Sept 30, as revenue fell 17 per cent to $1.85 billion. Revenue from gaming fell 21 per cent to $1.38 billion for the period. The company will announce its full-year results tomorrow.

Marina Bay Sands (MBS), the other integrated resort, posted a 12.6 per cent drop in net profit last year to $1.51 billion. Revenue for the 12 months to Dec 31 was 8.1 per cent lower at $2.95 billion.
 
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Satyr

Alfrescian
Loyal
No need a $1B to run a casino. Just go to London, there are numerous casinos all over the city, some in hotels. I am not talking about pokie machines. Some have few tables. Some are small but cater to high rollers. All you need is license, some capita and good management. Singaporeans assume that Casinos must be high palatial monsters. In its smallest form take a look at the bookmakers in OZ race courses where they have a book, stand in open enclosure and people mill around them placing their bets. No office, no shade etc. Some can even handle bets over a $1m.

I think you are mixing up integrated resorts that has casinos with theme parks and various attractions. Thats a huge business. Trying hiring big name entertainers and runnings esoteric attractions.

Sheldon nearing went broke in 2009 during the financial crisis. He took massive loans and the repayment is high. It was flashed all over the papers.

The biggest casino is Singapore Pools. And I have to say that is damn well run.
 
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