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 The Greenbrier Furloughs 650 Hourly
and Salaried Employees
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WHITE SULPHUR SPRINGS, W.Va., Jan. 9, 2009 - Due to a sharper than normal seasonal decline in business in a harsh environment for luxury resorts, The Greenbrier today announced plans to furlough approximately 650 hourly and salaried employees. Those furloughs will take place over the next two weeks.

"In spite of the excellent service we continue to provide to our guests, occupancy levels at The Greenbrier do not support the staffing we have today," said Michael Gordon, president and managing director of the resort.

Historically, business conditions improve in the late spring and summer months, and The Greenbrier anticipates that some furloughed employees could return during such time. The number of furloughs announced today is significantly more than has been necessary in prior seasonal declines.

While The Greenbrier continually adjusts staffing to support occupancy levels at any given time, normal employment levels have been approximately 1,350.

"This is a very difficult decision at a very difficult time," said Gordon. "We will be conducting meetings with the affected employees to help them access the services they need."

A strategic review of The Greenbrier, announced previously, is continuing.

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Contact:

Greenbrier
http://www.csx.com
 

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Also See: CSX Examining all Strategic Options for The Greenbrier Resort in White Sulphur Springs, West Virginia; Michael Gordon Named President and Managing Director / January 2009
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