SkyCity to cut 200 to 250 jobs, mainly in Auckland, ponders Adelaide sale
SkyCity Entertainment Group is planning to cut 200 to 250 jobs, primarily in Auckland, to reduce corporate costs. The company is also considering the sale of its Adelaide hotel and casino assets.
Why it matters
The move reflects broader economic pressures on the hospitality and gaming sector in New Zealand and Australia.
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Pokie machines inside SkyCity Entertainment Group's Auckland casino.
SkyCity Entertainment Group plans to lay off 200 to 250 staff, mainly in Auckland, to reduce corporate costs following a rising labour bill reported in a downbeat full-year result today.
The company has also announced it is considering selling its Adelaide hotel and casino.
SkyCity chief executive rel="" title="https://www.nzherald.co.nz/business/companies/banking-finance/business-hub-new-skycity-chief-executive-jason-walbridge-back-after-23-years-in-las-vegas/6TLXPLITNJFZTDPPBNYTPXPQSA/">Jason Walbridge said today that a consultation process was underway on the job cuts and it was a tough decision to let that many staff go.
“Unfortunately, this is a very difficult decision that no one wants to make. We believe this is the right decision for our business and puts it back on a positive footing,” Walbridge said.
Many of these jobs are in Auckland and consultation had already begun with those employees, he said.
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