Vail Resorts eliminates 142 jobs
VAIL, Colorado ” Vail Resorts said Wednesday the company is laying off 50 people and eliminating another 92 unfilled positions.
The company is also deferring raises for executives and some employees, and suspending 401k matching funds.
“To some, these changes will seem drastic, to others it may seem like not enough,” said Rob Katz, CEO of Vail Resorts, in a letter to employees.
Katz cited the difficult economy as the reason for the job cuts.
“Even with all of these strengths, our company will not be immune to the economy around us and it is imperative that we not stick our head in the sand about some of the bad news that is out there,” Katz said.
The 142 eliminated positions include coordinator and director levels from across the company, Katz said. Vail Resorts has 3,300 full-time employees.
“Ending someone’s time with the Company is always difficult and I can assure you that everyone impacted will be treated fairly and with dignity,” Katz said.
Katz said the “guest experience” at the company’s resorts won’t be affected. Vail Resorts owns Vail, Beaver Creek, Breckenridge, Keystone and Heavenly. Its corporate headquarters are in Broomfield, near Denver. It isn’t clear where the eliminated jobs were based.
He added he isn’t sure if there will be similar moves in the future.
“I wish I could guarantee to everyone there would be no more changes,” he said. “But just like some of the smartest economic minds in the world are not sure what is coming next, we don’t know either.
This story will be updated.
Staff Writer Edward Stoner can be reached at 970-748-2929 or email@example.com.