Thursday, March 26, 2020

Jos. A. Bank parent company furloughs all U.S. store employees, cuts exec pay

The closure of all Jos. A. Bank retail stores has been extended through early May due to the coronavirus pandemic, leading to furloughs and pay cuts across the company. Tailored Brands, the parent firm of Hampstead-based Jos. A. Bank and Men’s Wearhouse, announced Thursday that its retail stores will now be closed until at least May 4. As part of the extended closure, all U.S. store employees will be furloughed, as well as a “significant portion” of employees in the company’s distribution and network…



from https://www.bizjournals.com/baltimore/news/2020/03/26/jos-a-bank-parent-company-furloughs-all-u-s-store.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/613668608201113600

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