MGM Resorts Furloughs Could Turn Into Layoffs In August
LAS VEGAS (AP) — MGM Resorts International has announced that the furloughs of more than 60,000 employees caused by the coronavirus pandemic could turn into layoffs.
Acting company CEO Bill Hornbuckle sent a legal notice Tuesday to employees saying a tourism forecast predicts some furloughed workers might not be back for more than six months, and some not at all.
He added travel demand is expected to continuously decrease into early 2021. Employees will remain on furlough status until Aug. 31, then the company is allowed to begin layoffs.
The notice also announced the extension of affected employees' health benefits from June 30 to Aug. 31.