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Hyatt to lay off 1,300 people globally

6 Comments

Hyatt has confirmed plans to lay off approximately 1,300 people around the world.

The hotel company is planning to restructure roles across its global corporate functions, beginning 1 June.

“COVID19 has thrown our industry into unknown territory,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt. “While parting ways with our colleagues is excruciating, we must be sensitive to commercial realities so we can continue to fulfill our purpose of care over the long term – through this pandemic and for what lies beyond. Our goal is to emerge from this crisis with strength, and ultimately position our business and our world-class teams for when the hospitality industry rebounds and when our guests and customers once again choose Hyatt.”

Hyatt has said that those staff who are laid off will be eligible to receive severance pay, outplacement services, and benefits commensurate with their years of service.

Those experiencing pressing financial hardships may also be able to seek financial support from the Hyatt Care Fund.

© Asia Travel Tips

©2020 GPlusMedia Inc.

6 Comments
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Very sadly - Probably just the tip of the iceberg. The hospitatilty is really going to take a long term hit - and really long term from the ongoing and aftermath of the Pandemic. Even when hotels are open fully open, everything will look different. From the way rooms are cleaned, spacing in Restaurants, the end of the Breakfast Buffet. What will a Hotel Bar look like? Of course, even all this is dependent on travel restrictions being lifted.

For this many posters on Japan Today who are 'happy' about the demise of the airlines and their opposition to State Aid - Hyatt is a brand that really does depend on International Travel, so to post on this subject would seem at best inappropriate.

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This ties in with the damage that MICE companies are taking (Meetings, Incentives, Conferences and Exhibitions). Highly people intense, bringing people together, in ways that no networking or teleconferencing can do, building the personal connection. Much of their work is held at hotels, and at nearby conference centres, and their supporting suppliers - Audio Visual, Staging and Construction, Catering, Branding and Marketing, Staff, Travel, etc., have seen a massive downturn in work. For many of them, it is a case of re-invent or abandon the market.

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For this many posters on Japan Today who are 'happy' about the demise of the airlines and their opposition to State Aid - Hyatt is a brand that really does depend on International Travel, so to post on this subject would seem at best inappropriate.

There is no one happy about the demise of any business or industry here. Everyone will be heavily affected globally. It is not something to laugh at.

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Very Sorry to hear this.

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Sadly @Xeno Man : There have been many posters who have been rubbing their hands with glee at the demise of Airlines on this very website over the last few weeks - Without realizing the loss of jobs that are coming and the knock on affect it has. This example is just one.

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I hope, Governments regionally, impose restrictions upon Companies who've let Employees go during this Crisis... to the extent that they can not, offshore those roles, and nor can they hire from overseas to refill those locally based roles. Ideally, should the person originally filling that role, be available within a standard contract period, then they should be rehired after that period has been fulfilled (should they be working on contract),.

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