By Poovenraj Kanagaraj
Ipoh’s Syeun Hotel has issued a notice to its staff announcing that the hotel will close down by the end of May.
In a notice that was circulating social media, the letter signed by the hotel’s director Loh Sow Chee, said the company has suffered since the last three years even before pandemic had arrived.
The notice further pointed out that the management was unable to conduct business and with the MCO being further extended, it would prove to be a struggle for business to go on.
“A sharp decline in demand for hotel accommodation and our other facilities caused the sales turnover to drop to a significant low where we could not afford to stretch our financial capabilities, ” the letter said.
The management said in the notice arrangements would be made to pay its staff salary up to and including May 31 plus other applicable remuneration.
The hotel will also be paying its employees retrenchment benefits in accordance with the Employment Act 1955 – Employment (Termination and Lay-Off Benefits) Regulation 1980.
The hotel was home to 155 employees.