Hilton Worldwide has announced it will shed 2100 ‘corporate’ jobs across its global network and extend current staff furloughs, reduced hours, and pay reductions for up to 90 days.
Christopher Nassetta, President & Chief Executive Officer of Hilton, said he was “devastated” that the staff cuts were made.
“Never in Hilton’s 101-year history has our industry faced a global crisis that brings travel to a virtual standstill,” said Christopher Nassetta, President & Chief Executive Officer of Hilton.
“I am devastated that to protect our business, we have been forced to take actions that directly impact our Team Members,”
Meanwhile, Cruise Lines International Association (CLIA) Australasia claimed the ban on cruising until Sept 17 is “likely to cost Australia more than $1.4 billion in lost economic activity and threaten the jobs of more than 4,800 people.”
If the ban was extended through the peak summer cruising season, CLIA speculated “the economic loss to Australia would total a further $3.8 billion and place another 13,000 jobs at risk.”
CLIA’s claims are based on a report it commissioned economic analysts and forecasters AEC Group to produce.