No Happy Holidays for Many Workers at Bluegreen Timeshare
Tuesday, December 2, 2008
The financially troubled residential community and vacation resort development company, Bluegreen, continues to announce employee layoffs. Bluegreen timeshares are closing three Wisconsin offices and laying off 110 workers as of January 20, when they will close their marketing facilities in Wisconsin Dells, Baraboo, and Sun Prairie. Breaking this down, the layoffs means 25 jobs lost in Sun Prairie, 16 lost at the Wisconsin Dells Parkway office, and 69 layoffs at the company’s Christmas Mountain Road offices.
Wiscnews.com stated that the Wisconsin Department of Workforce development (DWD) says the company intends the layoffs to be permanent, although Wisconsin Dells Mayor, Eric Helland, said that he believes the jobs will eventually come back.
Early last week Bluegreen timeshare announced that 122 employees will be laid off in Florida, (many at their Boca Raton headquarters). The company then followed that announcement on Friday with the news that an additional 182 workers in Orlando will also be let go.
In Indiana, Bluegreen Timeshare plans to layoff up to 92 employees after the first of the year.
The situation at Bluegreen timeshare is similar to the problem facing other timeshare developers who found themselves overextended at a bad time, as credit got tighter and consumer purchases declined.
Other recent news about Bluegreen Timeshare from The Timeshare Authority: