- AMC furloughed 26,000 of its 27,000 employees. AMC chief Adam Aron said: “We’re paying them as much as we can possibly afford to pay them. For those in the health plan, we’re keeping them in the health plan with their benefits active for the full time that we’re shut. But my focus is as much making sure there’s a company for them to come back to…I’d like to make sure that this company, which has been strong for 100 years, stays strong.” (Deadline)
- AMC shut down all its theaters across the US in response to the virus and any members of the company’s A-List theater subscription have had their memberships paused while the closures are in effect (The Verge)
As there are two opposing views on furlough as to whether it is a good or bad thing for an individual, we have had mixed submissions from readers, and so have removed our typical +/- scale. If the matter changes or AMC do something positive or negative, we will adjust the score accordingly.