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Coronavirus forces JCPenney to extend closures, furlough workers
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JCPenney will temporarily furlough the majority of its hourly and corporate employees next month as the company extends the temporary closure of its stores and businesses amid the COVID-19 pandemic.
The majority of its store hourly associates will be furloughed April 2 while "a significant portion" of the company's corporate employees will be furloughed April 5. This will impact employees within the company's headquarters in Plano, Texas, as well as corporate offices in Salt Lake City, Utah, and New York City.
WHAT DOES IT MEAN TO BE FURLOUGHED?
“At JCPenney, we are making tough, prudent decisions to protect both the safety of our associates and the future of our company,” said JCPenney CEO Jill Soltau. “We also believe these short-term solutions will have a long-term benefit for our associates, customers, and key stakeholders as we look forward to the day that we reopen our doors.”