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Jun 2, 2010 11:08 PM by Chris Welty

Gaylord Entertainment Co. Lays Off Employees After Historic Floods

NASHVILLE, Tenn. (AP) - Gaylord Entertainment Co. is laying off
more than 1,700 employees as a result of flooding that inundated
the Opryland Resort, the Grand Ole Opry House and other properties
in May.
In a conference call with investors on Wednesday, CEO Colin Reed
said the company informed 1,743 workers on Wednesday morning they
would be released June 12 with two weeks of pay plus any unused
vacation.
The company plans to reopen the 2,881-room hotel on Nov. 15, and
will do most of its rehiring six to eight weeks before that.
Nashville Chamber of Commerce CEO Ralph Schultz said the hotel
accounts for about 23 percent of the city's hotel tax revenue and
10 percent of its total rooms.

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