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