Managers face the firing line at Royal Caribbean

Rajesh Joshi - Monday 21 July 2008

ROYAL Caribbean is finalising a stiff round of cost cutting that could include layoffs among middle to upper management, according to cruise industry circles in Miami, writes Rajesh Joshi.

In a research note, Credit Suisse wrote: “Sources confirm reports of implementation of broad-based shoreside expense reductions of up to 25% in response t...

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