Lufthansa is putting 27,000 of its 35,000
employees on short hours under a government
support program that will ensure they get most
of their pay while the virus outbreak reduces air
traffic. The airline also said that top managers
and board members would forego part of their
pay for at least six months.
Air Canada will temporarily lay off more than
15,000 unionized workers beginning this week
as the airline struggles with fallout from the
coronavirus pandemic.
JOBS VANISH, PAY IS CUT
Macy’s will stop paying tens of thousands
of employees who were thrown out of work
when the chain closed its stores in response
to collapsing sales during the pandemic. The
majority of its 130,000 employees, including
stock people and sales clerks, will still collect
health benefits, but the company said that
it is transitioning to an “absolute minimum
workforce” needed to maintain basic operations.
Rent the Runway confirmed that it laid off its
entire retail staff and is not sure whether stores
will reopen. The layoffs were announced via
video conference, the company said. Workers
will be getting severance and two months
of health insurance. It’s unknown how many
employees will be affected. The company’s
online subscription service continues. The
job cuts were first reported by online news
website Verge.
Gannett, the country’s largest newspaper
publisher, is cutting pay and hours of newsroom
employees by 25% in April, May and June
because of advertising declines. Executives are
getting a pay cut of 25%.