The $9.35 billion casino company Crown has confirmed rumours of job cuts, as Victoria’s largest single-site, private-sector employer seeks a slice of the Sydney casino market.
Sources close to Crown said redundancies were on the way for administration, marketing and back-office staff. It is believed the job losses are triggered by a desire to cut costs at the James Packer-chaired company, which reported ”mixed” results for its Melbourne and Perth complexes during 2012.
Crown spokesman Gary O’Neill said the company ”continually reviews its activities” and these ”reviews may lead to some positions being abolished and some new positions being created”.
”While these reviews are still ongoing, any reduction in positions is currently expected to be less than 50, which represents less than 0.8 per cent of Crown’s employees in Melbourne. Total employment at Crown Melbourne has been steadily increasing – for example, it increased last year by more than 200 persons and over the past five years has increased by more than 1000 persons.”
Crown’s Melbourne and Perth resorts employed more than 14,400 people in 2012, including 8800 in Melbourne, its annual report said.
Chosen excerpts by Job Market Monitor