LOS ANGELES, Feb 3 (Reuters) - Casino operator Wynn Resorts Inc said on Tuesday it would cut the wages of all of its salaried workers in Las Vegas, and reduce work weeks for its full-time hourly employees, to avoid cutting jobs.
The company also said it would eliminate 2009 bonuses and suspend its program of matching 401-K contributions.
Wynn said it believes the actions will save around $75 million to $100 million annually.
(Reporting by Deena Beasley, Editing by Toni Reinhold) Keywords: WYNNRESORTS/ (deena.beasley@thomsonreuters.com; 1-213-955-6746; Reuters Messaging: deena.beasley.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company also said it would eliminate 2009 bonuses and suspend its program of matching 401-K contributions.
Wynn said it believes the actions will save around $75 million to $100 million annually.
(Reporting by Deena Beasley, Editing by Toni Reinhold) Keywords: WYNNRESORTS/ (deena.beasley@thomsonreuters.com; 1-213-955-6746; Reuters Messaging: deena.beasley.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.