Tuesday, 8 February 2011

CityCenter cutting labor by not filling vacant jobs - Las Vegas Sun

MGM Resorts International is aiming to boost the flagging fortunes of its $8.5 billion CityCenter development on the Strip, in part by reducing its biggest expense: labor.

Aria had about 5,300 “full-time equivalents” as of Dec. 31, down from about 8,800 a year earlier, according to a document sent to investors last month. The 5,300 figure doesn’t represent the number of people working there. Full-time equivalents is a human resources term that quantifies labor expenses by adding up the hours of all employees and dividing that by 40, which represents a full-time workweek.

MGM Resorts doesn’t have an official employee head count for Aria, a figure that’s in flux as the company adjusts staffing to meet demand, company spokeswoman Yvette Monet said. According to the company’s initial figures, CityCenter began operations in December 2009 with about 10,000 employees, but that includes people employed by third parties such as retailers.

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