Film

AMC Theatres Furloughs CEO and Staff as Coronavirus Pandemic Closes Cinemas

Published

2 years ago

on

March 25, 2020

By

TeamTechzimo

AMC Theatres, the nation’s biggest cinema chain, furloughed all employees after the coronavirus outbreak forced movie theaters across the country to close.

Last week, AMC announced more than 600 venues in the U.S. and over 1,000 theaters worldwide are indefinitely closed because of the global health crisis.

“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.

More to come…