Around 70 jobs may be at risk at the Celtic Manor Resort, the host of the Ryder Cup golf tournament in 2010.
A cost-cutting review could lead to the redundancies at the five-star resort in Newport, which employs about 700 staff.
In a statement, it said it had included an employee panel and the conciliation service Acas in the process.
The resort said the cuts were one of a number of possibilities being considered to stay competitive during the global economic downturn.
But it said that redundancies were not a step the resort would take lightly.
It also added that any cost-cutting measures would not affect the resort’s ability to stage the Ryder Cup in 2010. A spokesman told GBN that he was not in a position to comment at the moment on whether any of the possible redundancies would be golf-related.