Tag Archives: furloughs

Financial Daily Dose 8.26.2020 | Top Story: American Airlines to furlough 19,000 in coming months

BY: Michael D. Reif | August 26, 2020

American Airlines is pushing forward with plans to furlough 19,000 workers this fall, even as the airline industry lobbies a stalemated Congress for another multi-billion dollar bailout. That figure, “when combined with the thousands of employees who have taken buyout packages or agreed to take long-term leave,” will leave the airline with at least 40,000 … Continue reading

Financial Daily Dose 3.31.2020 | Top Story: US retail giants furlough hundreds of thousands of workers as locations remain closed

BY: Michael D. Reif | March 31, 2020

Macy’s announced on Monday that it will furlough most of its nearly 130,000 workers (at its Macy’s, Bloomingdale’s, and Bluemercury retail locations) starting this week as its stores remained shuttered due to the pandemic. The company will “continue to pay health benefits and cover 100% of premiums at least through May” Gap and Kohl’s revealed … Continue reading