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Shangri-La hotels to let go 100 staff, report says

12/11/2020| 2:11:10 PM|

For the six months ended June, Shangri-La Asia Limited reported a loss of USD 255.4 million compared with a profit of USD 64.2 million the year before.

About 100 employees are to be laid off from hotels of  Shangri-La Hotels and Resorts, a union has said in a social media post, reports say.

The Hong Kong Hotel Employees Union said in a Facebook post that Island Shangri-La Hotel, Kowloon Shangri-La Hotel, Kerry Hotel, and Jen Hong Kong, will let go about 100 employees.

Meanwhile, Kerry Hotel will become a government-designated quarantine hotel.

For the six months ended June, Shangri-La Asia Limited reported a loss of USD 255.4 million compared with a profit of USD 64.2 million the year before. Consolidated revenues tumbled by 62.1% to USD 453.5 million, compared with USD 1.19 billion for same period last year.

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TAGS: Shangri-La Hotels | Hong Kong | layoffs
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