Norwegian Cruise Line Holdings Cutting Workforce
Norwegian Cruise Line Holdings, which bought Prestige Cruise Holdings in November, is now reducing its workforce.
“The recent acquisition of Prestige Cruise Holdings has provided the opportunity to review our organizational structure,” the company said in a statement. “The company has implemented an organization designed to take advantage of synergies between the three brands and position the company for future growth. The new structure maintains dedicated leadership and support for each of the individual brands, ensuring brand distinction and the highest quality guest experience, while finding efficiencies and leveraging best practices across the company.”
The company declined to say how many people were laid off. The Miami Herald, quoting sources, estimated it at 200. NCLH did confirm that one person let go on Thursday was AnneMarie Mathews, vice president of public relations, who had worked at the cruise company since July 2006.
The layoffs come as the two Prestige cruise lines — Oceania Cruises and Regent Seven Seas Cruises — are being integrated with the Norwegian Cruise Line operation under the new parent company. There have been several management shake-ups over the past few months, including the ascension of Prestige CEO Frank Del Rio into the CEO role of the parent company after the abrupt departure of Kevin Sheehan. Del Rio has since assembled a team that includes several executives who have been at his side since he co-founded Oceania in 2002.
Del Rio has made it clear there would be some streamlining that will result in savings of about $25 million this year alone. The savings would come through consolidating office operations, insurance costs, port fees and shore excursion concessioner contracts, he said in a conference call in February.
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