Coronavirus Triggers Furloughs For Over 1K Workers At Simon-Owned Malls
PYMNTS
MARCH 31, 2020
The furloughs affect employees at Simon’s Indianapolis headquarters as well as at its malls and outlets nationwide, a source familiar with the situation told CNBC. In addition, upper management salaries are being slashed by up to 30 percent. The retail industry has been hit especially hard by the pandemic. billion in debt.
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