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Tag: furloughs

Layoffs, unemployment & furloughs as COVID-19 hits retail jobs

India went under lockdown on March 23, 2020, plunging its economy into darkness, the economic outlook very bleak owing to the COVID-19 virus. So far, over the last 3 months, the country has witnessed four phases of lockdown and a less restricted phase termed as ‘Unlock 1.0’ which is currently underway and is expected to …

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Simon Property furloughs 30% of workers due to coronavirus

A visitor looks down an empty hallway at The Fashion Mall at Keystone, Wednesday, March 18, 2020, in Indianapolis. Simon Property Group, the largest owner of shopping malls in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. Darron Cummings | AP The biggest U.S. mall owner, Simon …

Simon Property furloughs 30% of workers due to coronavirusRead More

Macy’s furloughs most of workforce as COVID-19 takes its toll

Dive Brief: Macy’s on Monday said that the measures announced last week to shore up its finances have helped but are “not enough,” so it’s placing most of its workforce on furlough beginning this week. That includes employees in its digital business, distribution centers and call centers, though there will be fewer furloughs in those areas. …

Macy’s furloughs most of workforce as COVID-19 takes its tollRead More