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Radisson Sas Bucharest cuts costs

Radisson Sas Bucharest cuts costs
Bucharest’s newest five-star hotel, Radisson Sas, has begun to lay off employees, especially on middle management and entry-level management levels. The occupancy levels between December 2008 and January 2008 have been well under the estimated level. Elbit Medical owns the hotel, an Israeli-based company that also owns project Casa Radio, currently on hold. The contract for franchising the new five-star hotel in the Casa Radio complex has also been postponed. The new hotel would have been franchised with one of the Rezidor brands, which also owns the Radisson Sas brand. Our sources indicate that around one hundred employees have been laid off in February 2009 alone.

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