Holiday Inn Cuts Jobs in Atlanta


Dunwoody, Georgia--Six Continents Plc, a Londonconglomerate that split its 2,000 pubs and 3,325 hotels intoseparate companies April 15, is going through a corporate shakeup.Newly formed hotel franchisor, InterContinental Group Inc., nowowns or franchises more than 515,000 hotel rooms in 100 countriesunder the Holiday Inn, Holiday Inn Express, Crowne Plaza,Staybridge Suites and InterContinental brands. As a result of theshakeup, InterContinental is eliminating 200 positions, and has hadconversations with 150 more employees who may leave.

To succeed, InterContinental must make improvements to itsproduct line and overcome revenue declines due to decreasedbusiness and leisure travel, according to a former executive.-Atlanta Business Chronicle

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