Four-party agreement over Venetian Macau pay cut arrangements
The Government, Venetian Macau and trade union representatives will sign a four-party agreement over the details of Venetian Macau’s pay cut scheme today (30 December).
The agreement will include a guarantee from Venetian Macau not to make staff redundant, while the staff will accept a 13.3% pay cut proposal. Venetian Macau will also provide promotion training, and to confirm conditions for reinstatement and a review after nine-months of execution.
Earlier the Macau Gaming Enterprise Staff’s Association has received about 2,300 signatures from the staff of Venetian Macau, voicing concerns over the original arrangements, which included one-day unpaid leave per week, setting the divisor for daily pay at 26, which resulted a reduction of pay at 16.7%.
Venetian Macau later adjusted its proposal to setting the divisor for daily pay at 30, in conformity with the Labour Relations Law, which resulted a reduction of pay at 13.3%.
The firm also agreed to review the arrangements nine months after execution.
The four-party agreement will be signed by representatives from the Government, Venetian Macau, the General Association of Trades Union of Macau (AGOM), Legislator Kwan Tsui Hang (關翠杏), and the Macau Gaming Enterprise Staff’s Association, Director-General Tam Pou Iong (談寶容).
The Macau Gaming Enterprise Staff’s Association refused to predict whether the agreement will result in job cuts by other casino operators, saying that it is unable to predict Macau’s economic situation.
The Association expressed hopes that four-party negotiations can take place should similar situations arise in the future.
