Most hotel operators have signaled that a fall in bookings would hit a bottom in the second quarter, with a turnaround already taking place in key markets such as China, as the world’s second-largest economy gradually reopens for business.
Hilton said it is also extending previously announced furloughs, reduced hours, and corporate pay cuts for up to an additional three months. “Never in Hilton’s 101-year history has our industry faced a global crisis that brings travel to a virtual standstill,” Chief Executive Officer Christopher Nassetta said.
Hilton’s corporate staff numbered 9,600 workers globally, while total employees were 173,000 at the end of 2019. Reporting by Rachit Vats and Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta
Is Paris also fired?
What’s considered corporate for them Cutting 2,100, leaving how many? Is it me or does it seem their corporate workforce might’ve been a little top-heavy End of 2018 they had under 600 properties...
HiltonHotels Net profit in 2019 was $881 millions and in 2018 $764 millions. Suddenly after 3 months the company does not have money to keep the corporate employees Shame on you HiltonHotels
Boussemaer But, we thought the economy was roaring back? TrumpLied
really low occupancy does that to 2100 corporate jobs
Let us hope ilicco and NickHencher that they leave the coffee division out of this.
💔💔💔
where to serve after the cut?
StonksforSale DiMartinoBooth now come the white collar jobs
People at top are trying to suck up as much money as they can
but the economy?