By Canadian Press

Macy’s to furlough majority of its 130,000 workers

Mar 30, 2020 | 10:09 AM

NEW YORK — Macy’s will furlough a majority of its 130,000 workers with its stores dark.

The company on Monday said it is transitioning to an ‘’absolute minimum workforce” needed to maintain basic operations.

Online operations won’t be hit as hard.

Employees who are enrolled in health benefits will continue to receive coverage with the company covering 100% of the premium.

“We expect to bring colleagues back on a staggered basis as business resumes,”the company said.

Meaningful Mementos

Remembering Someone You've Lost at Christmas

Dec 03, 2024

Seasonal Sorrow

How Do You Get Through The Holidays When You're Grieving?

Nov 01, 2024

Upcoming Events at Oliver's

Grief & Loss and Estate Planning Seminars

Oct 02, 2024

Macy’s closed all of its stores this month, more than 500, as the coronavirus spread.

To survive, it has suspended its dividend, drawn down its line of credit, frozen hiring and spending, and cancelled orders. Macy’s is now evaluating all financing options.

Anne D’Innocenzio, The Associated Press