City of Dreams Mediterranean: Employees let go amid 'difficult decisions'

What it has described as difficult decisions as part of efforts to restructure its operating costs and ensure its long-term viability have been made by the company that owns City of Dreams Mediterranean.

Melco Resorts & Entertainment Limited is the developer, owner, and operator of integrated resorts with entertainment and casino gaming facilities in Asia and Europe, including City of Dreams Mediterranean.

As stated in a relevant announcement by the company, these include 130 employees being made redundant and the termination of the employment of 51 workers employed on a trial basis.

The actions were the result of the unexpected and ongoing war conflict in Israel, which has created significant challenges that greatly affect the extent of its business activities, the company said.

The company deeply regrets the adverse effects this development will have on the specific employees and is committed to providing them with all possible support during this transitional period.

It is noted that in addition to the rights deriving from the legislation, the company offered the affected employees an additional remuneration package that exceeds the legal minimum and the usual practices of the sector.

At the same time, the company is making every effort to help those affected find alternative employment opportunities and in this context, it is in contact with 18 local companies and nine abroad.

In addition, it has offered them help with CV preparation, interview skills development, and other support, where and when required.

Read the full City of Dreams Mediterranean announcement below (translated from Greek):

The unexpected and ongoing conflict in Israel has created significant challenges that greatly affect the company's business operations.

Hotel occupancy as well as casino traffic from foreign nationals have declined drastically, forcing the company to make difficult decisions to restructure operating costs in order to ensure its long-term viability.

We deeply regret the adverse impact this will have on 130 employees whose employment has been terminated as redundant and 51 employees who were employed on a trial basis. We are committed to providing them with all possible support during this transition period.

The selection of individuals was based on the objective principle of terminating the employment of the personnel who were last employed by the company and in compliance with Cypriot legislation.

In addition to the rights deriving from the legislation, the company offered the affected employees an additional remuneration package that exceeded the legal minimum and usual industry practices.

The company is making every effort to help those affected find alternative employment opportunities. In this context, it is in contact with 18 local companies and nine abroad.

In addition, it offers them help with CV preparation, interview skills development, and other support, where and when required.