LOSSES. Facade of Okada Manila. Photo by Alecs Ongcal/Rappler
MANILA, Philippines – Luxury resort and casino operator Okada Manila will be laying off more than 1,000 employees, as its losses deepen due to theIn an email to employees on Tuesday, May 26, Okada Manila said it will be reducing its workforce through a retrenchment program. "Not having any revenues since the lockdown has been financially draining and caused severe losses to the company, and if this is not addressed, its losses will pile up," Takashi Oya, president of Okada Manila, said in the email.
The 5-star hotel and casino added that it will"change the way it does business," as the virus forced it to reduce its workforce. "For those who will remain, they will continue to build Okada Manila's readiness to the new normal and provide the same 5-star experience that it is known for," Oya said.in the country forced to reduce their workforce, as the Philippines goes through a recession.
Kasalanan yan ni dutae.
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