GGRAsia – SJM Holdings announces pay rise effective April

SJM Holdings announces pay rise effective April

Mar 26, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator SJM Holdings Ltd on Monday announced a salary increase for what it termed eligible employees, effective from April 1. The range of the pay hike is between 2.5 percent and 8.3 percent, according to a company press statement.

The firm said eligible staff members earning monthly salaries below MOP16,000 (US$1,981) would receive a pay increase of MOP600, which was equivalent to an increment of up to 8.3 percent. Eligible employees earning MOP16,000 or more per month would be entitled to a pay rise of 2.5 percent.

The statement did not specify the number of eligible employees receiving the pay hike. GGRAsia approached the firm on this matter, but did not receive a reply by the time this story went online.

The announced salary increment reportedly did not cover all of the firm’s employees, according to a company internal notice obtained by local gaming labour group Professional for Gaming of New Macau. For instance, employees on fixed term contracts or those still on probation by April 1 would not be covered by the pay increase, the notice stated.

SJM Holdings had already awarded its employees a bonus – referred by the firm as a “living subsidy” – for 2018, the firm’s executive director Angela Leong On Kei told local media on January 2.

But the firm was the last of the six Macau casino operators to publicly announce a pay rise for 2018.

SJM Holdings noted in its Monday press statement that its Cotai project, Grand Lisboa Palace, currently under construction, would offer over 10,000 employment opportunities for Macau residents.