LAS VEGAS (AP) - Casino operator Wynn Resorts Ltd. says it plans
to save $75 million to $100 million annually by cutting pay of all
salaried workers in Las Vegas, reducing hours for hourly employees
and eliminating retirement account contributions and bonuses for
Chief executive Steve Wynn said Tuesday that the changes would
affect employees of the Wynn Las Vegas and Encore casino-resorts on
the Las Vegas Strip.
Wynn says employees are finding out about the changes on Tuesday
Wynn says the goal of the cost reductions is to run the casinos
more efficiently and protect the jobs of its employees.
The Las Vegas-based company opened the 2,034-room, $2.3 billion
Encore in December.
Wynn says the cuts in Las Vegas do not affect the company's
Macau casino in China.
(Copyright 2009 by The Associated Press. All Rights Reserved.)