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News: Six Flags to cut jobs, costs in 2008

By Wes

Jan. 17th, 2008 -- Six Flags Inc. plans to cut operating expenses by as much as $60 million this year as it spends less on radio marketing and consolidates advertising accounts.

As previously stated, the company also plans to remove inefficient and out-of-date rides.  Six Flags will also reduce its staff through an early retirement program.

Brooke Gabbert, public relations manager for Six Flags Great America in Gurnee, Il confirmed that the Déjà Vu coaster is being removed from the amusement park because the maintenance expense is too high.

The theme park operator hasn't posted an annual profit since 1998. Chief Executive Officer Mark Shapiro called attendance the past two years "disappointing."

Six Flags also has announced it is in "advanced discussions" about developing theme parks in Asia.

For more information visit Daily Herald.



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