Sunday, August 14, 2022

SJM Holdings to raise pay by 5 percent


SJM Holdings became the first of Macau’s casino operators to announce a pay rise for this year, saying employees will get a 5 percent increase beginning this month.

The company announced internally that it would consolidate basic pay and tips for the purposes of contributions to the provident fund, according to media reports.

The company says it “is still optimistic on the long-term development of the economy,” despite the first downturn in annual casino revenue since records began in their current form.

Casino operators faced mounting protests from workers demanding higher pay and better working conditions in 2014. Labor rose to become one of the top concerns for companies in Macau, where unemployment is near to zero and the government imposes strict regulations on the import of migrant workers.

 

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