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Tag: furlough

B&Q owner should do decent thing and return its furlough payments | Kingfisher

In retrospect, it was obvious: DIY stores, once they could reopen fully, would enjoy a boom. Office workers stuck at home are more inclined to do their place up, and many will have more time to do fiddly jobs. Even so, sales at Kingfisher, owner of B&Q and Screwfix, aren’t simply strong, but are spectacularly …

B&Q owner should do decent thing and return its furlough payments | KingfisherRead More

Sir Philip Green criticised for pursuing taxpayer cash to furlough staff

Some Arcadia staff had gone back to work after the reopening of 631 stores, while others remained furloughed // Arcadia owner Sir Philip Green has been criticised for taking millions of taxpayers’ cash to furlough staff // Arcadia furloughed 14,500 staff in April under Rishi Sunak’s coronavirus job retention scheme Sir Philip Green has reportedly …

Sir Philip Green criticised for pursuing taxpayer cash to furlough staffRead More

Best Buy to furlough about 51,000 employees

Best Buy saw increased demand in March as people bought freezers, computer monitors and other items to use for their stays at home during the pandemic, but the company said it’s now made the same decision as many other retailers: It’s furloughing thousands of employees and taking other cost-cutting measures. Starting Sunday, Best Buy will furlough about …

Best Buy to furlough about 51,000 employeesRead More

Under Armour details big restructuring charges; to furlough employees

Citing the “acute shock” to its business resulting from COVID-19, Under Armour outlined a series of cost-cutting measures as the financial toll of the pandemic rises. In separate news, the athletic apparel brand detailed a previously (pre-pandemic) planned restructuring initiative that is designed to reduce costs and improve future profitability and cash flow generation. It …

Under Armour details big restructuring charges; to furlough employeesRead More

Macy’s, Kohl’s furlough most employees

Macy’s and Kohl’s said Monday that they will most furlough employees as the department store chains cope with significant sales losses during the coronavirus pandemic. Macy’s said the majority of its employees will go on furlough starting this week. Kohl’s said employees at stores and store distribution centers and some in store-related corporate positions will be …

Macy’s, Kohl’s furlough most employeesRead More