ATLANTA (AP) -- Holiday Inn Worldwide, the world's largest lodging chain, announced yesterday a corporate restructuring that could leave 1,000 employees unemployed as the headquarters moves from Memphis, Tenn., to Atlanta.
Bryan D. Langton, chairman and chief executive officer, said the move will create 900 new jobs in Atlanta -- including about 160 to be taken by current employees in Memphis.
But he said the job losses in Memphis will affect about 1,000 of the company's current 1,500 employees.
Mr. Langton said 160 middle-management employees in Memphis had been offered transfers.
Bass PLC acquired Holiday Inn Worldwide in February 1990. Holiday Inn has 1,600 hotels and nearly 320,000 rooms worldwide.