Marriott warns of additional job losses as journey demand lags | Information

Hospitality large Marriott has informed workers in the USA that furloughs and decreased work week schedules which started in April will likely be prolonged via to October.

The choice was taken because the coronavirus pandemic continues to gradual demand for journey.

The monetary influence of the pandemic is extra extreme than 9/11 and the 2008 monetary disaster mixed, Marriott mentioned.

In response, the corporate can also be rolling out a voluntary redundancy program for on-property and above-property employees in the USA who might select to depart.

Comparable voluntary applications are being thought of in different elements of the world.

“Given the corporate’s expectation that prior ranges of enterprise won’t return till past 2021, the corporate anticipates a big variety of above-property place eliminations later this 12 months,” added a press release.

“The corporate isn’t in a position right now to foretell what number of associates will likely be affected by these separations or any ensuing expenses or price financial savings.”

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