Macau’s leading retailer, DFS Group, has implemented an unpaid leave plan across its Macau branches, emphasizing that the plan is voluntary and was made after careful consideration.
According to Allin Media, DFS has highlighted that the plan is designed to be collaborative. While managing operational expenditures, the firm aims to ensure job stability and protect employee welfare.
DFS stated there is no intention to enforce the plan, describing it as ‘the result of careful consideration’ of various options.
Despite market uncertainties, DFS remains optimistic about the future attractiveness of the Macau market and continues to invest. They have announced plans to open another shop in M8 shopping mall near Senado Square in the city center.
DFS Group, a Hong Kong-based travel retailer of luxury products, operates T Galleria stores across eight properties, mostly integrated resorts in the Cotai area, including City of Dreams, Studio City, Galaxy Macau, MGM Cotai, MGM Macau, Wynn Palace, and Londoner.
According to a previous report, DFS suggested that each employee take at least six days of unpaid leave during July and August. However, this period is typically the high season for tourism in Macau.
The decision to cut expenses is linked to a sharp decline in the company’s business. Reports indicate that the company’s revenue has plummeted by nearly 40 percent compared to last year and the pre-COVID period.
Additionally, the salaries of frontline employees have seen a significant reduction of nearly 50 percent, partly due to lower sales volumes of cosmetic products since the second half of last year.
