Six Senses Introduces an Innovative Alternative to Employee Cutbacks and Layoffs
Sonu Shivdasani went on to say, “The sophisticated traveler will be watching to see who in the luxury service industry will drop standards; where highly trained people are so key, to the point of being almost sacred”.
The Six Senses solution is a win-win arrangement for all parties. Hosts at the Innersphere and Core level will take a 10% cut in pay, and in return, receive the same amount in company shares. The shares may be sold back to the company from between 12 and 24 months hence, with the buyback price not being less than the value of the shares when received. An additional upside is that the shares have the potential to appreciate during this period.
Whilst the programme is mandatory for non-Thai hosts, nationals at the Bangkok Hub will have the personal choice to opt in or out of the offer. Hosts also have a limited option to purchase additional shares at this time.
Six Senses Public Relations
Phone: 66 (0) 2631 9777