Large Time-Share Company Plans Hundreds of Layoffs
By The Associated Press
Published: Sunday, September 28, 2008 at 7:15 a.m.
Last Modified: Sunday, September 28, 2008 at 7:17 a.m.
ORLANDO | One of America's largest time-share companies is getting ready to lay off hundreds of workers and halt much of its sales.
Orlando-based Westgate Resorts is facing a sudden financing squeeze because of the nation's severe economic downturn.
Westgate's president told the Orlando Sentinel the cuts would affect all areas of business, from administration to marketing, sales and construction.
He says Westgate will be able to pay its bills, but has no money for new business until things get better.
Published: Sunday, September 28, 2008 at 7:15 a.m.
Last Modified: Sunday, September 28, 2008 at 7:17 a.m.
ORLANDO | One of America's largest time-share companies is getting ready to lay off hundreds of workers and halt much of its sales.
Orlando-based Westgate Resorts is facing a sudden financing squeeze because of the nation's severe economic downturn.
Westgate's president told the Orlando Sentinel the cuts would affect all areas of business, from administration to marketing, sales and construction.
He says Westgate will be able to pay its bills, but has no money for new business until things get better.
Labels: Florida, layoffs, Westgate Resorts
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