Employees See Pay Cut at Mohegan Sun CasinoThe Mohegan Tribal Gaming Authority announced this past weekend that their employees will receive a pay cut beginning the first of February. The cut was made to help reduce cost to the casino during the rough economic times.
Almost 10,000 employees work at the Mohegan Sun and all will be receiving a cut in pay. Vice presidents and senior management for the Company will have their pay cut by ten percent while middle management will see a seven point five percent cut.
Hourly employees and non-managment salaried employees will see a smaller pay cut of just four percent. The Mohegan Sun also stated that annual and merit pay raises are suspended and all matched payments of employees 401K retirement plans will cease.
Hours at the casino have also been reduced in certain places and other moves have been made to save funds. The president and CE of Mohegan Sun, Mitchell Etess commented: "Due to unprecedented market conditions, the authority has been forced to make a number of difficult, but necessary, decisions to reduce our operating costs.”
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