Colonial Williamsburg to outsource operations, announces layoffs

By Steve Roberts, Jr.

Colonial Williamsburg announced Thursday it will outsource management of its commercial operations — including its real estate holdings, 19 retail stores and three golf courses.

A total of 333 employees, roughly 16 percent of the Foundation’s workforce, will be affected by the change — with 71 being laid off and the rest transitioned to other employers. 

Colonial Williamsburg President Mitchell Reiss called the move a “fundamental restructuring” of the Foundation. The commercial ventures will be contracted to four private firms, which will work in conjunction with Colonial Williamsburg to turn the businesses into profit-makers.

“The commercial businesses have been running at a loss for many, many years,” Reiss said in an interview Tuesday. “The idea is we need to stabilize the endowment, so the endowment supports the Historic Area, education and the museum. It’s why people care and it’s why they come. It’s why they support us.”

Continue reading the article at the source: http://wydaily.com/2017/06/29/colonial-williamsburg-fundamentally-restructures-citing-dire-financials-business-news/

Views: 46

Comment

You need to be a member of crafthaus to add comments!

Join crafthaus

Comment by Brigitte Martin on June 30, 2017 at 1:13pm
Thank you for this clarification, Parker!
Comment by Parker Brown on June 30, 2017 at 12:11pm
As a member of Crafthaus and a Colonial Williamsburg employee, I need to reiterate that the changes to the Foundation are to refocus on the organization's dedication to education. The world of 18th century crafts and trades is of paramount importance to Colonial Williamsburg and this is a difficult time that will hopefully yield new opportunities relating to the craft community.

Latest Activity

Rebecca Skeels commented on Rebecca Skeels's group The Association for Contemporary Jewellery
19 hours ago
Lesley Aine McKeown posted photos
yesterday
Lesley Aine McKeown posted a photo

Indocrase Druzy Pendant

Hand fabricated in sterling silver and 24k gold with indocrase druzy and hessonite garnet
Friday
2Roses posted a blog post

Sculpture to Wear Returns to LA LA Land!!

The epicenter of West Coast Art Jewelry kicks off its return to LA with a…See More
Friday
scott kentner is now a member of crafthaus
Thursday
Jill Herlands posted photos
Wednesday
Mother Makers shared their blog post on Facebook
Tuesday
Mother Makers posted a blog post

Waste nothing of her career - Laurie Schram

Laurie Schram talks about her project 'Waste nothing of her career', which features in the Mother Maker crowdfunding campaign, and her foray in to the world of kaka pantone…See More
Monday

Videos

  • Add Videos
  • View All

Masthead Credits

Attic Turbine Vent (shoulder broach)

By Ana M. Lopez

Sterling silver. spins when blown.

© 2017   Created by Brigitte Martin.   Powered by

Badges  |  Report an Issue  |  Terms of Service