Hilton Grand Vacations Inc

NYSE:HGV   3:59:59 PM EDT
22.33
-0.96 (-4.12%)
Debt Financing / Related, Layoffs, Other Pre-Announcement

Hilton Grand Vacations - On Oct 15, Board Approved A Workforce Reduction Plan

Published: 10/15/2020 21:38 GMT
Hilton Grand Vacations Inc (HGV) - Hilton Grand Vacations - on Oct 15, Board Approved a Workforce Reduction Plan.
Hilton Grand Vacations - Reduction in Force is Expected to Reduce Co's Workforce by About 1,600 Team Members.
Hilton Grand Vacations - Anticipates Workforce Reductions Will Take Effect Starting on Oct 15 & Be Completed by Oct 31.
Hilton Grand Vacations - Reduction in Force is Estimated to Result in About $10 to $12 Million in Restructuring & Related Expenses & Charges.
Hilton Grand Vacations - Expects to Incur Majority of Restructuring Costs During Last Quarter of 2020.