More than 3000 jobs at The Star will be protected after Treasurer Daniel Mookhey signed a formal Jobs Guarantee Agreement with the casino overnight.
The agreement is a critical piece of new arrangements at The Star, which see the casino pay more tax while protecting the livelihoods of workers.
The government's guarantee to protect these jobs was contained in the Casino Control Amendment Act 2023 which passed through the parliament last year.
Under the Jobs Guarantee, The Star is legally bound to maintain more than 3000 jobs through to 2030 and faces stiff penalties for any breaches.
The Star Jobs Guarantee includes:
- More than 3000 jobs at The Star will be protected through to 2030.
- The Star will maintain a minimum headcount for 3 categories of workers.
- The headcount will be reported quarterly.
- If the actual headcount is less than the required number, The Star will be required to pay the NSW Government $25,000 for each headcount shortfall in a quarter.
- The Star will be required to maintain ratios of full-time, part-time and casual staff within certain ranges.
- Where ratios are not maintained within a quarter, an amount of $1 million will be payable to the NSW Government each quarter.
- The United Workers Union will oversee the Jobs Agreement and it will be closely monitored by the government.
Treasurer Daniel Mookhey said:
"Hard working people should not have to pay the price for mismanagement at The Star.
"This agreement not only protects thousands of direct jobs at The Star, it also supports thousands of indirect jobs and the many businesses that provide goods and services to the casino.
"The government listened to workers, unions and management and we've delivered an agreement that will protect thousands of workers while also seeing The Star pay more tax.
"We have cleaned up the mess of the previous government's bungled casino policy with an agreement that increases casino tax while protecting the livelihoods of more than 3000 workers."
