Crown will shed almost 200 jobs as the casino and resort giant reviews its business structure following the end of the Packer era.
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The company, previously controlled by Australian billionaire James Packer before being sold to US private equity firm Blackstone in June 2022 for $8.9 billion, will cut 194 jobs across the organisation.
Most of the job losses will come from its Melbourne venture.
"As we enter the next phase of our transformation, we are reviewing our business to ensure we have the right structure to realise these plans," a Crown spokesman said on Tuesday.
"This will impact some of our team members and we are working closely with them and their unions on their options through consultation."
Impacted workers will be offered options to be redeployed to other positions within the company.
The United Workers Union, which represents Crown staff, is working with management to minimise the impact on members and is pushing for voluntary redundancies.
"Most workers at Crown are covered by a UWU agreement which has strong redundancy entitlements and rules, and we will be making sure that the company adheres to these provisions," union director Dario Mujkic said.
The job cuts come after 180 workers were laid off at Crown's Barangaroo site in Sydney last year due to financial constraints and performance.
In May, Crown agreed to pay $450 million for breaches of anti-money laundering and counter-terrorism laws after admitting it failed to monitor and report suspicious transactions made through its Melbourne and Perth casinos.
It has separately been fined $250 million by Victoria's gambling watchdog for a range of breaches uncovered during a state royal commission into its Melbourne operations in 2021.
The royal commission, headed by former Federal Court judge Ray Finkelstein QC, found Crown's conduct was "illegal, dishonest, unethical and exploitative" but stopped short of calling for the government strip its casino licence.
Instead, it was recommended Crown continue operating under the oversight of a special monitor for two years while implementing reforms.
Crown employs more than 20,000 people nationwide, with roughly 11,500 workers based in Melbourne, making it Victoria's largest single-site private employer.
A Victorian government spokeswoman said the job cuts were a matter for Crown.
"Our thoughts are with those who have been affected by the move," she said.
Australian Associated Press
