Okada Manila lays off over 1,000 employees due to pandemic losses

Okada Manila is laying off over 1,000 employees due to severe financial losses incurred from the coronavirus pandemic.

The luxury resort and casino operator cited the lack of revenue since the lockdown began as the primary reason for the retrenchment program.

Employees affected by the layoffs will receive their separation pay starting June 15.

Okada Manila aims to adapt its business operations to the 'new normal' brought about by the virus.

This move places Okada Manila among numerous Philippine companies compelled to reduce their workforce amidst the ongoing recession.