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Hyatt to Furlough U.S. Corporate Employees With Hotels Shut

  • Company says it will fund workers’ health insurance premiums
  • Industry is getting battered as outbreak puts travel on hold
Updated on

Hyatt Hotels Corp. will furlough or significantly reduce the schedules of two-thirds of its U.S. corporate employees as the company cuts costs with the coronavirus outbreak decimating hotel revenue.

The furloughs and work reductions are scheduled to run from April 1 through the end of May and will also affect employees in other regions, according to a spokesman for the company. Hyatt will fund health insurance premiums for the workers, and employees who aren’t sent home will take temporary pay cuts.