Celtic Manor Resort in Newport, which is set to host golf's premier team competition the Ryder Cup next year, is to cut up to 10% of its workforce due to the recession.
The resort, which has two hotels and three championship golf courses, is looking to cut as many as 70 staff from its 700 strong workforce.
The resort, which is the venue for the 2010 Ryder Cup, is owned by Welsh businessman Sir Terry Matthews.
A company spokesman said in a statement: "Redundancy is not a step the resort would take lightly but it is one of a number of efficiency savings being considered to ensure its operations remain competitive during the current global economic downturn.
"Early indications are that around 70 jobs may be at risk, among a total permanent workforce of around 700, and everything possible will be done to support any members of staff who may be affected.
"The resort has already included ACAS and appointed an employees' consultative panel in the decision-making process.
The spokesman said cost-cutting measures would not impact Celtic Manor Resort's capability to stage the 2010 Ryder Cup competition.
By Andrew Smith
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