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Seneca Gaming has announced plans to lay off 210 of the 4,800 employees who work at its casino operations in
In addition, the company will suspend its year-end bonus program, and reduce salaries for members of its board of directors and senior management. Salaried employees earning more than $70,000 will also have their wages frozen.
The corporation said it will provide severance to employees, depending on their position and levels of seniority.
Seneca said the workforce cutbacks were in response to a decrease in recent months of net revenues, which have been impacted by the current negative economic climate.
CEO Barry Snyder said he has asked all members of the board of directors and senior management to take pay cuts of from 5 to 15 percent in an effort to avoid additional layoffs.
Seneca Gaming Corporation is a wholly owned, tribally chartered corporation of the Seneca Nation of Indians, which operates gaming operations in
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