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Kings Island Lays Off 15

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From The Enquirer

 

Kings Island lays off 15

Owner restructures operations

BY ALEXANDER COOLIDGE | ENQUIRER STAFF WRITER

Kings Island said it has laid off 15 employees as its new owner Cedar Fair restructures and integrates the amusement park into its operations.

 

Sandusky-based Cedar Fair, which also owns Cedar Point and Knott's Berry Farm, said the move on Thursday eliminated some overlapping functions since two new managers have assumed oversight.

 

"A number of duplicated positions were reduced by the company here yesterday," said Maureen Kaiser, a park spokeswoman, who added the 15 managers and other employees received severance packages.

 

 

Cedar Fair acquired Kings Island in Mason in July with four other amusement parks in a $1.24 billion deal with CBS Corp., which sold its Paramount Parks unit, including Kings Island. Following the acquisition, the company now owns 12 amusement parks, five outdoor water parks, one indoor water park and six hotels.

 

While mulling the future direction of its acquired parks, Cedar Fair has indicated in government filings that it doesn't plan to rename the park, noting its "strong local brand." The company said Kings Island did $108 million worth of business last year.

 

After opening this year the largest collection of Nickelodeon-inspired attractions at any amusement park before the takeover, Cedar Fair has also signaled in filings that it plans to keep the features.

 

The company, however, has indicated it might reduce its association with Paramount - including such Kings Island rides as the Italian Job and Top Gun - after the current season after studying customer opinion. Such a change would cut the company's royalty expenses.

 

Email acoolidge@enquirer.com

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