AMC Theatres Furloughs 600 Employees In Kansas HQ Amid Coronavirus Crisis; Chain Must “Preserve Cash” To “Reopen Our Doors” – Update

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AMC Theatres Furloughs 600 Employees In Kansas HQ Amid Coronavirus Crisis; Chain Must “Preserve Cash” To “Reopen Our Doors” – Update
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EXCLUSIVE, Updated: AMC has issued a statement in regards to the news today that they’ve furloughed 600 employees at their Leawood, KS headquarters

has issued a statement in regards to the news today that it has furloughed 600 employees at its headquarter in Leawood, KS, including CEO Adam Aron.

outbreak we were closing all of our more than 600 U.S. theatres, which means that all 1000 AMC and Odeon theatres around the world are now closed, and will be closed for the immediate future. All the furloughed corporate AMC associates will retain their active employment status with AMC, including all health benefits.

The breakdown for furlough compensation is as follows from what I gather: Employees who work four days a week will receive 80% of their salary, two-days-a-week employees get 40% of their salary and zero days per week receive zero salary.

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