LITTLE ROCK, AR Fairfield Resorts, a newly acquired subsidiary of Cendant Corp., plans to consolidate and close its headquarters here and merge the company s operations into Cendants existing infrastructure within the next 12 to 15 months. Approximately 370 employees will be impacted by the closure.
A number of employees will be offered opportunities at Fairfields operations in Orlando, Cendants Parsippany, NJ location, or other Cendant operations near Little Rock. For those employees whose jobs are eliminated, or who do not elect to relocate, Fairfield is committed to providing severance packages along with job placement and career counseling services. (4/11/01)