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Montana Resort Axes 90
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EmploymentCrossing.com
Almost 100 employees of Montana ski resort Moonlight Basin will lose their jobs today.
The layoffs are due to a cash shortage, after the Rocky Mountain ranch and ski areas lender Lehman Brothers filed for Chapter 11 bankruptcy last month.
The layoffs are "painful, but necessary," Moonlight said in a news release. The resort said it will try to open for the winter ski season.
An estimated 90 people will be affected by the layoffs.
Moonlight Basin CEO Lee Poole is trying to find alternative financing, and added that Moonlight is a "strong asset with a solid brand".
Moonlight Basin, just west of Big Sky Resort, opened in 2002. It has been building a Jack Nicklaus-designed golf course, due for completion next year.
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