The drastic furlough plan, a result of no income but fixed costs, means a person could work anywhere from zero days to two days to four
By late last week, more than 26,000 employees working for AMC Theatres were furloughed or let go as the circuit shuttered amid the coronavirus pandemic.
"At this time, AMC is not terminating any of its corporate employees, however, we were forced under the circumstances to implement a furlough plan, which is absolutely necessary to preserve cash and to ensure that AMC can reopen our doors once this health crisis has dissipated," the company said in a statement.
AMC did not address a $2 trillion emergency relief plan that Congress and the White House agreed to in principal late Tuesday night. The legislation is designed to increase unemployment benefits and helped distressed businesses, including movie theaters, by offering generous loans.
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