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A reduction in staff and equipment for Cay Clubs Resorts and Marinas’ Cristal Clear Watersports in the Keys is the latest effort by the Clearwater-based resort developer to tighten its purse strings.
On May 18, while charter services were still booking reservations for dive and fishing trips, some of the staff running those operations were being let go.
The Cristal Clear name is used at charter operations in several Keys locations.
Frank Rego, Cay Clubs operations manager, could not be reached for comment, but Joe Miller, who oversees watersports operations in the Middle and Upper Keys, said steps to consolidate were being taken.
“We’re just doing some shop consolidations. We’ve got locations that are within miles of each other,” he said. “Because of rising fuel costs, it just makes sense to run your newest, most-efficient equipment.”
Miller said a reduction in staff is a natural part of those consolidations.
Earlier this month, Cay Clubs dismissed roughly 80 of its 1,000 workers amid a seasonal slowdown, cold condominium sales and a wait-and-see development strategy.
Now it appears more employees will be added to that list.
“We are making adjustments to come in line with a down real estate market right now,” Rego told the Miami Herald at that time. “We don’t want to be like all the other developers across the country that are going under.”
The dismissals come after a three-year acquisition spree that saw Cay Clubs buy nine hotels and properties on the island chain, making it one of the biggest resort owners in the Keys.
Specifics as to which Cay Clubs locations would be cutting charter services were not available at press time.
This report was supplemented with material from the Miami Herald.
On May 18, while charter services were still booking reservations for dive and fishing trips, some of the staff running those operations were being let go.
The Cristal Clear name is used at charter operations in several Keys locations.
Frank Rego, Cay Clubs operations manager, could not be reached for comment, but Joe Miller, who oversees watersports operations in the Middle and Upper Keys, said steps to consolidate were being taken.
“We’re just doing some shop consolidations. We’ve got locations that are within miles of each other,” he said. “Because of rising fuel costs, it just makes sense to run your newest, most-efficient equipment.”
Miller said a reduction in staff is a natural part of those consolidations.
Earlier this month, Cay Clubs dismissed roughly 80 of its 1,000 workers amid a seasonal slowdown, cold condominium sales and a wait-and-see development strategy.
Now it appears more employees will be added to that list.
“We are making adjustments to come in line with a down real estate market right now,” Rego told the Miami Herald at that time. “We don’t want to be like all the other developers across the country that are going under.”
The dismissals come after a three-year acquisition spree that saw Cay Clubs buy nine hotels and properties on the island chain, making it one of the biggest resort owners in the Keys.
Specifics as to which Cay Clubs locations would be cutting charter services were not available at press time.
This report was supplemented with material from the Miami Herald.
