Reports: Neiman Marcus to Furlough Most Workers Amid Coronavirus Crisis

by Alex Tostado

Dallas — Dallas-based luxury retailer Neiman Marcus will furlough the majority of its 14,000 employees as it endures another month of store closures, according to reports from multiple news outlets including Reuters, Bloomberg and The Dallas Morning News. Neiman Marcus CEO Geoffroy van Raemdonck made the announcement Monday, also noting that he would be forgoing a salary during closures, and that employees not impacted by the furloughs would take pay cuts.

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