Trump Organization has laid off around 1,500 and closed 17 properties - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Trump Organization laid off 1,500 people after it closed over a dozen properties due to the novel coronavirus pandemic

Astrid Riecken/Getty Images

The president previously admitted his businesses have suffered as a result of COVID-19 and said he was not sure if the company would take government bailout assistance.The Trump Organization, the company owned by President Donald Trump and managed by his two sons, Donald Jr. and Eric, has laid off around 1,500 people due to COVID-19.

Combined, the closed properties generated about $650,000 each day for the organization, according to the president's previous financial disclosures, the Washington Post said.Other major hotel chains have taken similar steps as the pandemic has had a severely negative impact on the businesses and the global economy.

"I wouldn't say it's thriving when you decide to close down your hotels and your businesses, no," Trump told reporters. "Yeah, it's hurting me. It's hurting Hilton and it's hurting all of the great hotel chains all over the world. It's hurting everybody.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

americanhorrorstory cult45 TrumpVirus dumptrump

Now do an article on people wanting to exclude Trump companies from utilizing the Paycheck Protection Plan. People never, NEVER, consider the people Trump companies employ while trying to destroy his companies.

Just any other businesses, nothing to see here... If you so, you're biased

Why the fuck is he bragging about saving jobs then, that moron can’t take care of a few thousand staff & he is given the responsibility to take care of millions. Worst president ever of any country...

And?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Trump Organization reportedly asked to delay paying its loans after coronavirus impact - Business InsiderSince 1998 Deutsche Bank has lent President Donald Trump and his companies close $2 billion, according to the New York Times. No The House replied...
Source: BusinessInsider - 🏆 729. / 51 Read more »