The Sault Ste. Marie Tribe of Chippewa Indians plans to lay off about two percent of its workforce.
Chairman Joe McCoy said the tribe's financial situation forced the reduction. "Unfortunately, over the years, millions in tribal reserves has been dwindled down to nothing. According to financial analysts, if changes are not made, the tribe will not recover," he said in a press release.
The layoffs affect employees of Kewadin Casinos and employees of the tribal government. Based on recent figures, it looks like about 80 people will lose their jobs.
The tribe already laid off 89 people at the Greektown Casino in Detroit. The tribe has a majority stake in the commercial casino, which is undergoing a restructuring in federal bankruptcy court.
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Press Release: Soo Tribe and Kewadin Casino to restructure
(SooToday 7/30)
Openings and Closings
Soo Tribe announces layoffs of casino employees
Thursday, July 31, 2008
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