By Stan Stelter
Philadelphia, PA – Rosenbluth International has imposed across-the-board employee pay reductions as a result of a severe slump in travel due to last week's terrorists attacks.
A spokesperson for the international travel management company in Philadelphia declined to say how large the pay cuts were or what other measures the company has taken. Rosenbluth has more than 5,000 employees in 24 countries including several offices in North Dakota.
In a statement, Rosenbluth says many clients have stopped or severely cut business travel. And that occurred when an economic slowdown had already hampered the travel industry. The company says it doesn't see improvement in the short term but is confident for the future.