NagaWorld Workers Announce Strike Action

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Bitte_Kein_Lexus
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Re: NagaWorld Workers Announce Strike Action

Post by Bitte_Kein_Lexus »

Well how do they think the company can make money to pay them then...
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Re: NagaWorld Workers Announce Strike Action

Post by CEOCambodiaNews »

Nagaworld should have enough money to pay their staff.
Cambodia Casino Operator NagaCorp Posts Profit
August 28th, 2020, 5:48 AM GMT+0200
Philip Lee, executive deputy chairman of NagaCorp Ltd., the largest hotel, gaming and leisure operator in Cambodia, discusses the company's financial results, business outlook, and the impact of the coronavirus outbreak. NagaCorp reported a net profit of $21 million for the six months ended 30 June. Lee speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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Re: NagaWorld Workers Announce Strike Action

Post by basta.binici »

Earn hundreds of million dollars (might be around 1 billion by assuming they evade tax because last time they declared they were doing 1-2 million a day) a year and pay your workers only $191.
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Re: NagaWorld Workers Announce Strike Action

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NagaWorld to Lay Off More Than 1,300 Employees: Union
2 min read
Nat Sopheap
| Tue Apr 13, 2021 6:54 pm

Phnom Penh casino NagaWorld plans to lay off more than 1,300 workers this month amid its temporary closure due to Covid-19 — a plan its union will contest as a violation of the Labor Law.

NagaWorld union president Chhim Sithar said on Tuesday that the company had told workers it would lay off 1,329 employees between April 19 and 23, with names to be announced. The casino currently employs about 8,000 people.

The company had stated that declining income amid Covid-19 was the reason for the layoffs. After several employees tested positive for the disease last month, and workers boycotted an alleged lack of disclosure from the company, the casino temporarily closed its doors.

But Sithar pointed to NagaWorld’s continued — if reduced — profits and said the company was taking action against employees for demanding that it pay out seniority allowances and annual bonuses.

“We see that the company is intentionally evading it and wants to demoralize employees because employees are asking the company to pay the seniority allowances owed in 2020 and 2019, the annual bonuses and the increase in salaries to employees,” she said. “The company has the ability to provide to employees based on the profits that the company made in 2020.”

NagaCorp announced a net profit of $102 million for 2020.
https://vodenglish.news/nagaworld-to-la ... ees-union/
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Re: NagaWorld Workers Announce Strike Action

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Cambodians cry foul as casino slashes redundancy pay due to COVID-19
by Matt Blomberg | @BlombergMD | Thomson Reuters Foundation
Friday, 30 April 2021 08:29 GMT
Cambodia's largest casino to slash 1,300 jobs due to the threats of the pandemic
By Matt Blomberg

PHNOM PENH, April 30 (Thomson Reuters Foundation) - With plunging profits, Cambodia's largest casino is set to slash 1,300 jobs and pay redundant staff a fraction of the severance money they are legally owed, the workers' union and advocates said, as the COVID-19 pandemic threatens labour laws worldwide.

NagaWorld resort - with almost 1,700 luxury rooms, themed gaming halls, karaoke lounges, spas and an underground shopping centre in the capital, Phnom Penh - told more than 15% of staff this month that they will be laid off in the next few weeks.

Redundant staff will lose tens of thousands of dollars as severance packages will be calculated based on reduced wages in 2020 and using government guidelines introduced to help businesses hit by the pandemic, the union said.

"Workers risked their safety to make profits for NagaWorld during the pandemic and then when they need help, they are abandoned," union leader Chhim Sithar told the Thomson Reuters Foundation.

"We are asking for support and they have responded with the idea of mass layoffs. It's extremely disappointing," she said, adding that NagaWorld's plans breach labour laws as redundancies should take into account seniority and length of service.

NagaWorld declined to comment.
https://news.trust.org/item/20210430072242-gdyki/
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