Cendant to Split Into 4 Separate Companies

[russian33]

Cendant's split, which was approved over the weekend by the company's board of directors, will occur next summer when the company spins off 100 percent of the equity of the three new companies to its shareholders.

One will take over Cendant's hospitality businesses, including the Ramada, Howard Johnson and Days Inns hotel brands. The other three also will focus on a single area: real estate, including the Century 21 and Coldwell Banker brands; travel booking, including Orbitz, Galileo and Cheap Tickets brands; and the Avis and Budget car-rentals businesses.

http://biz.yahoo.com/ap/051024/cendant_split.html?.v=16


Here we go...5 years ago I worked for Cendant, then they outsourced their IT to IBM, and here I am now...working on the Cendant account.
Now, come to find out, by next June, Cendant will cease to exist...wonder what that means for my job? What if they take their IT back? I tell you one thing, I ain't working at no Wal Mart! :)

[acmejack]

1. I hear you.

I am pretty concerned, I'm 53 and everything I know how to do is gone. I really hate the thought of going back to school.