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WESTGATE HAS MORE LAYOFFS !!


Orlando Timeshare Company Has More Layoffs

Friday, January 16, 2009
ORLANDO, Fla. — One of America’s largest time-share companies has eliminated another 1,000 jobs during the past month.

Orlando-based Westgate Resorts once employed about 11,000 people. President David Siegel said it was down to about 7,000. The cuts were nationwide and some jobs were eliminated through attrition.

The company was facing a financing squeeze because of the nation’s severe economic downturn. Siegel said the cuts would affect all areas of business, from administration to marketing, sales and construction.

He said Westgate will be able to do business without access to the still-frozen credit markets by funding the operation with their own money.

Copyright 2009 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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