White Lodging is the name of a company that has ownership of many hotels in the United States. The company has their headquarters in Merrillville, Indiana. They just made the announcement that 50 people will be laid off who work at the headquarters. The people will be able to keep working for White Lodging until April of next year. The layoffs were necessitated by the sale of a portion of the company. The company currently operates many Hyatt, Hilton and Marriott hotels. These famous hotel chains license their name to companies like White Lodging for a fee. In this case, White Lodging will be eliminating some of the contracts it has with those chains so that it can invest the money elsewhere.
White Lodging has plans to expand their hotel business to become more competitive. They want to build many new hotels over the next three years. The expansion will give White Lodging control of roughly 100 hotels across the country. The Chief Executive Officer of the company said that it is never a pleasant thing to tell people they no longer have a job. However, these 50 layoffs were a necessity for the future financial security of the company. He went on to say that this is something that all companies have to do at some point.
The people who will be laid off in April have not been informed yet. It is unclear if the decision regarding which employees will be let go has been made as of yet.