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Ferrari World has laid off more than 100 employees and certain top managers as timings have been changed.
The park's operating company, Farah Leisure Parks Management, issued official letters to employees informing them of a programme of cutbacks to "meet cost reduction targets."
In addition to the elimination of 100 positions, remaining staff also face salary and benefits adjustments, which will vary according to employees' salary grades.
Farah Leisure said the redundancies were a result of the park's shortened opening hours. Having previously opened from noon until 10pm on Sundays, Tuesdays and Wednesday and noon-midnight on Thursdays, Fridays and Saturday, it will now open from 11am until 8pm every day. It is closed on Mondays.
These past three years have been intense for NewsParcs. Our magazine, which has been dedicated to the global theme parks industry since 1998, underwent major changes to become one of the most appreciated magazines among many...
CORPORATE | NewsParcs - Published on January 28, 2014
Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...
The NewsParcs' Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, ...
Our Industry Roundup is a summary of the latest major news related to the theme park industry worldwide. We report news specifically on operators, owners, trade associations and related organizations, including trends, attendance...