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Macy's to furlough majority of its 125,000 workers
Posted on 3/30/20 at 3:16 pm
Posted on 3/30/20 at 3:16 pm
quote:
NEW YORK (AP) — Macy’s says it will temporarily stop paying tens of thousands of employees who were thrown out of work when the chain closed its stores in response to collapsing sales during the pandemic.
The majority of its 125,000 employees, including stock people and sales clerks, will still collect health benefits, but the company said that it is transitioning to an “absolute minimum workforce” needed to maintain basic operations. Macy’s has lost the bulk of its sales due to the temporarily closing of all 500 of its stores starting March 18.
Not a big surprise given the circumstances, but it's official now.
Full Story - AP News
2
Posted on 3/30/20 at 3:17 pm to Will Cover
The government will pay them more to not work. They’ll be fine.
Posted on 3/30/20 at 3:18 pm to Will Cover
we know
Posted on 3/30/20 at 3:21 pm to ell_13
Macy’s won’t be fine.
Macy’s will likely suffer a quicker death than what it was to endure but for the virus.
And many other struggling businesses will get the same death release.
Macy’s will likely suffer a quicker death than what it was to endure but for the virus.
And many other struggling businesses will get the same death release.
Posted on 3/30/20 at 3:22 pm to OTIS2
quote:yep. they may use this to liquidate the entire organization
Macy’s won’t be fine.
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