Tuesday, February 17, 2009
Gaylord Entertainment cuts 350 jobs
NASHVILLE, Tenn. (AP) — USA TODAY Gaylord Entertainment Co. has cut 350 jobs, about half of them in Nashville, where the company is based. Employees were told Monday. The Tennessean reported the hotel company had signaled staff reductions were possible in a Feb. 10 conference call with CEO Colin Reed and analysts during which Reed said layoffs could be one of several measures Gaylord would use to save an estimated $35 million. Gaylord earned just $4.4 million in 2008 -- a 96 percent fall from the previous year -- despite opening a new hotel outside Washington.