Trump Organization has laid off about 1,500 employees as pandemic hits business

Trump Organization has laid off about 1,500 employees as pandemic hits business
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The Trump Organization has laid off or furloughed about 1,500 employees at hotels in the United States and Canada as the coronavirus pandemic inflicts further pain on the president’s private business.

With most of President Trump’s hotels and clubs closed amid stay-at-home orders around the world, the Trump Organization has responded by slashing costs, much like other companies in the hospitality and tourism industries. The Trump Organization has laid off or furloughed employees at hotels in New York, the District of Columbia, Miami, Chicago, Las Vegas, Vancouver and Honolulu, according to public filings and people familiar with the properties, including union officials.

Seventeen of Trump’s clubs and hotels have closed. The remainder of Trump properties are operating at a fraction of their normal capacity: hotels running with restaurants closed, golf clubs operating with clubhouses shut down, and golfers warned not to share carts or touch the flagsticks.

All told, the closed properties generated an average of $650,000 in revenue for Trump per day, according to Trump’s past financial disclosures.

That economic strain has pushed Trump Organization officials to inquire about possible relief, at least temporarily, from the company’s financial obligations at one of its properties.

In Palm Beach County, Fla., the Trump Organization has not paid rent of $54,534.25 that was due April 1 on land it leases from the county government for the Trump International Golf Club West Palm Beach, a county representative said Friday.

Source: Washington Post

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