Some Workers at SJM’s Macau Casinos Plan Labor ActionVinicy Chan
Some workers for Macau gambling mogul Stanley Ho’s SJM Holdings Ltd. plan to take industrial action today, a union leader said.
Some casino employees will work to rule today, with some reporting in late and some refusing to work overtime, Ieong Man-teng, chairman of the Macau Gaming Industry Frontline Workers union, said in a telephone interview yesterday.
More than 1,000 Macau casino workers held a protest march on Aug. 25, the seventh rally this year as they demand better pay and work conditions. It was the largest rally by industry employees so far this year, according to local police, who said 1,400 took part. The Frontline union put the number at 7,000.
SJM’s shares fell 0.8 percent at HK$19.50 at the close of trading in Hong Kong yesterday, the lowest level since Aug. 13.
Other Macau casinos also slumped amid concerns protests by workers may escalate into more serious industrial action. Wynn Macau Ltd. closed down 2 percent, Sands China Ltd. lost 1.7 percent and Melco Crown dropped 1.3 percent against a benchmark Hang Seng Index that was little changed.