On May 27, Marriott International Group ("Marriott International") released updated information on the company's global employee job placement. Marriott International expects that the business of the company and the same industry will return to the level before the epidemic, and it will be after 2021. In the second half of this year, Marriott International may significantly reduce office jobs. Marriott International said it is currently impossible to estimate how many employees will be affected by job compression and the resulting expenses or cost savings.
In addition, as the domestic epidemic situation stabilized, Marriott International recently established the Career Care Center for Greater China. Through unified resource allocation, it will give priority to providing support for Marriott employees in job opportunities.
Marriott International believes that the impact of the new coronary pneumonia epidemic on the company's performance is more serious and lasting than the "911 incident" and the superposition of the 2008 global financial crisis. In the first quarter of 2020, Marriott International's revenue was US $ 4.681 billion, a year-on-year decrease of 7%, and net profit was US $ 3.1 million, a year-on-year decrease of 92%.
Marriott International issued a notice to employees this time: In view of the time required for the recovery of hotel business needs and Revenue for Saleable Housing (RevPAR), the company will take some additional measures, including the notification of employees in the US regional office, which will be implemented from April Short-term vacations and measures to reduce working hours will be postponed until October 2. In addition, Marriott International will launch an "autonomous transition" program in the United States to provide assistance to American hotel employees and US office employees who may choose to leave the company in search of other development opportunities. At the same time, Marriott International is also considering launching similar programs in other regions of the world to assist employees in need.
With the current domestic epidemic situation stabilizing, tourism is gradually picking up, which has driven Marriott International ’s performance in Greater China. Its domestic hotels have basically resumed business, and adjustments have been made to hotel operations and human resources arrangements, including priority for internal employees. More job opportunities and short-term employee sharing plans. With the opening of the Four Points by Sheraton Guiyang Huaxi and Chongqing Marriott Executive Apartments in April this year, Marriott International expects that there will be more new hotels in China in the future, which will create new job opportunities for the local market and provide internal mobilization for Marriott International employees. opportunity.
