Gaylord Opryland Resort To Lay Off Over 1,700 Employees
June 2, 2010 at 1:42 PM (PT)
The TENNESSEAN is reporting that the GAYLORD OPRYLAND RESORT & CONVENTION CENTER in NASHVILLE plans to re-open on NOVEMBER 15th, but 1,743 people will be let go after JUNE 12th. Rebuilding costs for the resort following the flood, including the GRAND OLE OPRY HOUSE, will range from $215 million to $225 million.
GAYLORD ENTERTAINMENT Chairman/CEO COLIN V. REED said: “We are deeply sorry to have to make this incredibly difficult decision, as our employees are and have always been the driving force behind the success of our business. The cost of the disaster has meant that we have to balance the future of our business and the fiduciary duty to our shareholders with the duty we have to our employees.”
The GRAND OLE OPRY HOUSE should be back in business on OCTOBER 1st and the WILDHORSE SALOON and GENERAL JACKSON showboat will be open JUNE 5th. Click here to read more on this story.