Make Kitco Your Homepage

Macy's to furlough most of 130,000 employees as stores stay shut

Kitco News

(Reuters) - Macy’s Inc (M.N) said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company’s stores have been temporarily shut due to the coronavirus pandemic.

The department store chain added here that there would be fewer furloughs in its digital business, which is still operational, supporting distribution centers and call centers.

Macy’s had about 130,000 employees as of Feb. 2.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.