Westgate Resorts Lay off Job Cut: To fire hundreds of employees: Finance Trading Times

Westgate Resorts Lay off Job Cut: To fire hundreds of employees

Not only are the financial companies getting affected by the credit crunch and the financial turmoil, even the other sectors are not shielded from the financial turmoil. Orlando-based Westgate Resorts, one of the nation's largest time-share companies, is going to close down much of its sales and preparing to lay off hundreds of people. Last year, Westgate Resorts celebrated its 25th Anniversary, but seems like 2008 or the 26th year, is not appearning to be fruitful to the company. Wikipedia on Westgate Resorts. News
Westgate Resorts Lay off Job Cut
Though there are no certain numbers about how many people would be fired from their jobs at Westgate Resorts, but whatever is expected will happen in the next few days. Though the Westgate Resorts president David Siegel, confirmed that there would be hundreds of job cuts.

Which departments of Westgate Resorts will see the major job cuts?
The Westgate Resorts layoffs will be made in the construction, sales, accounting, telemarketing, marketing and administration departments companywide.
He said sales will be shut down for some of the company's 28 resorts in 11 states, but would not give specifics.

As per the news, Westgate Resorts - founded in 1970, was the seventh-largest employer in Central Florida with 8,113 workers in 2007. The company, the largest privately held time-share company in the world, employs more than 10,000 nationwide. Westgate is managing to pay all its bills and will continue to meet all its obligations. But he said there is no money for new business.
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3 Comments: Post your Comments

Anonymous said...(on 21 November 2008 at 21:23 )  

up until today i was a current westgate resorts employee. the company gave me so much, but today after coming back from lunch i found that myself as well as many others no longer had jobs. within minutes years of hard work was terminated in moments notice. we packed our things, and left within minutes. its sad to see that all of our hard work, even some peoples years of hard work became nothing. wether you had been there for years or months, you now have to face the fact that monday, and tuesday, and wensday.... you have no job. now what are we suppost to do? now, right before the holidays of all times we are all in the dark on how our bills will be paid, or our children will be fed. i only hope that david, with his millions of dollars will at some point know what this feels like.

Anonymous said...(on 21 November 2008 at 21:26 )  

up until today i was a current westgate resorts employee. the company gave me so much, but today after coming back from lunch i found that myself as well as many others no longer had jobs. within minutes years of hard work was terminated in moments notice. we packed our things, and left within minutes. its sad to see that all of our hard work, even some peoples years of hard work became nothing. wether you had been there for years or months, you now have to face the fact that monday, and tuesday, and wensday.... you have no job. now what are we suppost to do? now, right before the holidays of all times we are all in the dark on how our bills will be paid, or our children will be fed. i only hope that david, with his millions of dollars will at some point know what this feels like.

Anonymous said...(on 27 November 2008 at 17:17 )  

I'm not surprised. David Siegel has joined the same club as AIG, GM, Chrysler, and Ford executives. Given the man is cash-rich to the tune of billions and living a lavish lifestyle in the midst of building his own castle, all of which is sucking hundreds of millions out of Westgate business at the expense of the employees AND at the worst of times. It is just one more example of the extremely insensitive behavior of big corporate executives. It's Christmas, David! Do something great for those who have created your success! Give-up something for your fellow-man, save jobs, and create a reputation for yourself that will be admired by all.

I am an industry 'watch' blogger and NOT an employee of Westgate.

MindWave

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