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Mumbai: 193 employees of Hyatt regency move Industrial Court

On Monday, June 7, the Hyatt Regency Mumbai, located near the international airport, issued a notice to its employees informing them that the hotel is closing down temporarily as its not getting funds from the owner, Asian Hotels (West) Limited.

Mumbai: 193 employees of Hyatt regency move Industrial Court
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The employees of Mumbai's five-star hotel Hyatt Regency, who are part of the Bharatiya Kamgar Sangh, on Tuesday, June 8, moved the Industrial Court in Bandra (East) seeking protection from termination.

This comes a day after the Hyatt Regency Mumbai, located near the international airport, on June 7, issued a notice to its employees informing them that the hotel is closing down temporarily as it is not getting funds from the owner, Asian Hotels (West) Limited, to pay salaries or support its operations.

According to reports, the court has granted ad-interim relief to Bharatiya Kamgar Sangh, protecting them from termination until the next date of hearing on June 28.

The employees told that they haven't been paid salaries for April and May didn’t have any prior intimation about a possible suspension of services. Out of the five-star hotel's over 300 employees, 193 are part of the union.

In addition, employees have also alleged that operations have been suspended despite the hotel having an average occupancy of 60 to 90 per cent over the past few weeks, including at the time of suspending operations.

Meanwhile, Asian Hotels West, the owner of Hyatt Regency Mumbai, said in a filing with stock exchanges on Tuesday that Yes Bank held all funds including daily hotel collections, in an escrow account. This was because Asian Hotels West defaulted on April 28 on payment of interest and principal amount of INR 4.32 crores loan it took from Yes Bank.

The hotel added that this was the first default and was primarily due to the massive effect of the COVID-19 pandemic on the company and the industry across the globe.

Moreover, in a statement released by Hyatt Regency Mumbai earlier, it said that future reservations through Hyatt booking channels will be temporarily unavailable and that the hotel will remain shut until further notice.

Also Read: BMC decides to vaccinate hotel and restaurant workers in Mumbai

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