Macy’s furloughs workers
March 30, 2020 - Macy's Inc. (NYSE: M) said majority of the workers in its stores will go on furlough beginning this week. The COVID-19 outbreak continues to take a heavy toll on the company's business, it said in a news release Monday. All of Macy's stores have been closed since March 18, with no date to reopen yet determined, and "while the digital business remains open, we have lost the majority of our sales due to the store closures," the company said. Macy’s said it will move to the absolute minimum workforce needed to maintain basic operations in its stores, with fewer fewer furloughs in its digital business, supporting distribution centers and call centers. At least through May, furloughed workers who are enrolled in health benefits will continue to receive coverage with the company covering 100 percent of the premium. Locally, Macy's has stores in Tyrone Square in St. Petersburg, Westfield Countryside in Clearwater, Westshore Plaza in Tampa, Westfield Citrus Park and Westfield Brandon. It also has a call center in Clearwater.