Monday, June 30, 2014

Layoffs for Mohegan Sun and Foxwoods

Click to see full article - Layoffs for Mohegan Sun and Foxwoods

In the first quarter of 2013, Foxwoods reported through WFSB (Eyewitness News 3) that they would be laying off workers due to what they say is due to as the CEO Scott Butera said "increased competition and a presently declining market."   He went on to say ""We are focused on efficiency of operations at all levels in order to achieve success in today's challenging environment and to sustain that success well into the future with a goal of supporting strong employment levels for years to come,".

About a year later, Foxwoods reported through the Associated Press on May 15, 2014 that they would be cutting hours and have possible layoffs.    A memo to employees obtained by the associated press indicated that there would be "staffing changes across all levels of employment."   This change was also reported on the same day by WTNH News 8 in Connecticut.  Earlier reports show that layoffs happened before at Foxwoods for example the Associated Press reported that layoffs would affect approximately 2% of the 10,000 employees.  The workers were laid off on June 26 of that year.    The job cuts occurred a month after Foxwoods opened its new MGM Grand Casino.   In this same report by the Associated Press, Mohegan Sun had reduced its workforce by a few hundred through attrition.     At the time of this report, Analyst Dennis Forst of Key Banc Capital Markets said that Las Vegas customers had begun to cut back due to economic concerns.    He also reported that all US gaming markets spending was down and expected the trend to continue.

In the fourth quarter of 2012, Mohegan Sun announced layoffs on NBC Connecticut and Cape Cod Times.   The layoffs were reported to be 328 by the end of October 2012 (George Brennan of Cape Cod Times).  Two years earlier, the casino laid off 350 workers.   In 2012, the Massachusetts Gaming Commission Chairman Stephen Crosby had declined an interview about the Mohegan Sun Layoffs.  

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