The Landis Taipei (台北亞都麗緻飯店) is negotiating with its employees about a plan to introduce unpaid leave as its business suffers amid the COVID-19 pandemic, hotel management said in a statement yesterday.
The statement was the hotel’s response to a Chinese-language media report the previous day that said the Landis Hospitality Group (麗緻餐旅集團) on April 1 would introduce a three-month plan under which employees would take six days of unpaid leave per month.
It is the latest move by the group to offset declining guest numbers following the closure of the Landis Taichung (台中亞都麗緻飯店) on Monday last week, the report said.
Landis Taipei said in the statement that it is still discussing the plan with its employees and would reveal the details once an agreement is reached.
“It is necessary to have staff consent” before cutting working hours, the statement said, expressing the hope that employees would understand the difficult situation the company is in.
The provisional furlough policy would be rescinded if business recovers quicker than expected, the statement said.
With the closure of the Landis Taichung, the Landis Group has five local hotels and resorts: the Landis Taipei, the Tayih Landis Hotel Tainan (台南大億麗緻酒店), Pause Landis Resorts (璞石麗緻溫泉會館) in New Taipei City’s Wulai District (烏來), the Landis Resort Yangmingshan (陽明山中國麗緻大飯店) in Taipei and the Landis Inn Chuhu (竹湖暐順麗緻文旅) in Hsinchu City.
Landis Group business development division assistant general manager Gary Lo (羅明威) attributed the closure of Landis Taichung after 13 years to the economic slowdown, surging rental fees and operational costs, as well as the impact of the pandemic.
“We never made enough to cover our losses,” Lo said.
Landis Taipei shares fell 1.45 percent to close at NT$21.50 on Friday last week. There were no trades yesterday.
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
A Chinese factory owned by South Korean semiconductor giant SK Hynix Inc yesterday halted operations after a plant worker was found to have an asymptomatic infection of COVID-19, Xinhua news agency reported. The South Korean worker based at the plant in Chongqing since February had departed on Thursday for South Korea, Xinhua reported. He was tested at Incheon Airport in Seoul and confirmed positive for COVID-19 on Saturday, it reported. All factory staff as well as staff and recent guests at the hotel where the worker lived have been isolated and given nucleic acid tests, the agency said. “We’re cooperating with the local government
FIVE NEW FABS: An acquisition of Siltronic would boost GlobalWafers’ market share from 17 to 30 percent, easily surpassing Japanese rival Sumco’s 25 percent GlobalWafers Inc (環球晶圓) yesterday said it is in final talks to acquire Germany-based Siltronic AG in a 3.75 billion euro (US$4.5 billion) deal, which might help it compete with its closest rival Sumco Corp of Japan. The acquisition would be the fifth for GlobalWafers since 2008, as it has grown to become the world’s No. 3 supplier of silicon wafers through such deals. GlobalWafers, which has a 17 percent market share, would see its market position greatly elevated to 30 percent when combined with Siltronic’s 13 percent, according to a presentation Siltronic gave to its investors at a quarterly conference in August. Sumco
A year of crisis for the lira has kept people in Turkey buying gold at a record pace. Now the appetite for more bullion risks becoming a drag on the currency just as a rally struggles to regain momentum. In the two weeks after Turkish President Recep Tayyip Erdogan cleared out the leadership ranks blamed for failing to stabilize the lira and draining reserves, Turkish retail investors and firms added US$2.2 billion to their gold holdings, taking them to US$36.4 billion, or almost triple the total last year, Turkish central bank data showed. People are not relenting in their zeal to own
RSS