Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Sherman A1

(38,958 posts)
Sun Aug 16, 2020, 07:56 AM Aug 2020

More layoffs at Maritz as firm pivots focus to events, automotive divisions

FENTON (MO) — Maritz, the beleaguered corporate events, travel and incentive company, is laying off hundreds more employees, spinning off a portion of its legacy business, and refocusing on two of its stronger business units.

The company filed a notice with Missouri officials on Wednesday announcing that 475 furloughed employees at the Fenton headquarters will be permanently laid off beginning in October. Then, on Friday, Chairman and CEO Steve Maritz sent an internal announcement to employees detailing “Project Phoenix,” which he said symbolized the “coming rebirth and future rise” of the company.

“These decisions reflect our need to focus our efforts to ensure the sustainability of our business,” he wrote.

A Maritz spokesman declined to comment.

https://www.stltoday.com/business/local/more-layoffs-at-maritz-as-firm-pivots-focus-to-events-automotive-divisions/article_4169ad22-f2c4-5364-a52f-f9d4ed32e18e.html

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
More layoffs at Maritz as firm pivots focus to events, automotive divisions (Original Post) Sherman A1 Aug 2020 OP
Economy is imploding SheltieLover Aug 2020 #1

SheltieLover

(57,073 posts)
1. Economy is imploding
Sun Aug 16, 2020, 09:00 AM
Aug 2020

70K + airline employees, 300 Rolls emplpyees, & now this.

So much winning FOR PUTIN. 🤬

Latest Discussions»Issue Forums»Economy»More layoffs at Maritz as...