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Las Vegas Sands Corp. Message Board

  • hackinswordfish hackinswordfish Jan 26, 2011 9:57 AM Flag

    Sands China announces salary increase

    Sands China Ltd announced today that all eligible Sands China full-time employees are entitled to a salary increase of 4.5 percent effective on March 1, 2011.

    “This follows the salary review exercise of a 3.5 percent increase for all 14,500 full-time employees in the third quarter of 2010,” the gaming operator said.

    “The company has now completed two salary adjustments in less than nine months which accounts for an 8 percent increase in less than a year.”

    “These salary adjustments demonstrate our recognition and commitment to all of them [Sand’s employees] and to the community of Macau,” said Edward M. Tracy, President and Chief Operating Officer of Sands China Ltd.

    In addition to the salary adjustments, the company has announced to all eligible employees that the bonus payout for the year of 2010 will be issued on February 9, 2011.

    Earlier this month, Wynn Macau had announced a 6 percent salary increase for all the company’s non-management employees, effective February 1, 2011.

    The Macau government had previously said that private companies with the financial capability should give wage increases to their employees, particularly those from the gaming sector.

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