Hyatt to Furlough U.S. Corporate Employees With Hotels Shut
- Company says it will fund workers’ health insurance premiums
- Industry is getting battered as outbreak puts travel on hold
This article is for subscribers only.
Hyatt Hotels Corp. will furlough or significantly reduce the schedules of two-thirds of its U.S. corporate employees as the company cuts costs with the coronavirus outbreak decimating hotel revenue.
The furloughs and work reductions are scheduled to run from April 1 through the end of May and will also affect employees in other regions, according to a spokesman for the company. Hyatt will fund health insurance premiums for the workers, and employees who aren’t sent home will take temporary pay cuts.