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Foxwoods cut 200 jobs

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June 28, 2008

LEDYARD, CT - The Mashantucket Pequots, owners of the Foxwoods Resort Casino, in Ledyard, Connecticut, announced yesterday the layoff of nearly 200 employees at their casino resort.

“[Layoffs] are scattered across departments,” said Lori Potter, a tribal spokeswoman. The tribe employs a work force of 10,000 people. Potter said the workers leaving will get two weeks’ severance pay for each year they were employed up to 13 years as well as health benefits. She further said the job cuts do not affect the 1,747 people working at MGM Grand, the $700-million hotel and casino that opened last month.

“This has been a difficult week for all of us,” said Barry Cregan, Foxwoods president. “It is always sad to see fellow employees lose their jobs. As organizations develop, they often grow more than necessary during a sustained period of economic success.”

The casino industry is being hurt nationally by the higher fuel prices and falling home values, which make Americans cautious about spending.

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