Compensation and Benefits

Evolving history: A look at Colonial Williamsburg

Evolving history: A look at Colonial Williamsburg

Mitchell Reiss was armed with good news when he met with Colonial Williamsburg’s employees Tuesday: level insurance rates in the coming year, no foreseeable layoffs and a one-time bonus.

The announcement was a course change from late June, when the organization’s president and CEO met with employees to say Colonial Williamsburg would lay off 71 people by the end of the year and outsource golf operations, 19 retail stores, some maintenance and facilities operations and commercial real estate management as part of a restructuring plan to tamp down expenses and drum up revenue. Reiss told them the organization was using too much of its endowment to offset operating deficits, to a point...

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