Employment rises in Travelodge following buyout

Employment in UK budget hotelier Travelodge has risen sharply since Dubai International Capital bought the chain halfway through last year, countering criticism that private equity firms slash jobs to increase profits post-buyout.

Employment levels in August 2006, when DIC bought Travelodge, were 4,700. That figure has grown to about 5,200, an 11% increase since DIC's acquisition.

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