Furloughing

Virgin Orbit () plunges on report it's furloughing employees as it seeks funding lifeline.

As of Friday, Reilly and his sister, Aileen, are furloughing two-thirds of their remaining staff, which is already down to around 40% of its pre-pandemic numbers.

Business leaders have said their practical questions must be answered to restart the economy - and whether the Government programme to pay the wages of workers under furloughing will be extended beyond the end of June.

But the Premier League strugglers added they would not be furloughing staff, with chief executive Christian Purslow saying: "Our players and staff feel great solidarity with the many clubs in the football pyramid who have financial problems.

Financial support for firms furloughing workers -officially called the Coronavirus Jobs Retention Scheme - was unveiled by Chancellor Rishi Sunak in March and launched the following month.

Gap has taken a string of measures to preserve its profitability and cash reserves, including reducing capital expenditures, suspending/delaying payments of dividends, and temporarily furloughing its employees.

In the first two weeks of the lockdown, Liverpool decided to place some nonplaying staff on a government furloughing scheme to cut costs.

Is furloughing workers the best way to save jobs?

It is understood the Treasury will consult with employers’ groups about how companies might contribute to the cost of furloughing before providing an update later this month.

Macy's is furloughing the majority of its workforce amid the COVID-19 coronavirus pandemic, which it says has taken a "heavy toll" on business.

MIAMI (CBSMiami/AP) – American Airlines and United Airlines are furloughing 32,000 employees after a federal prohibition on job cuts expired on Thursday.

On Monday, Unity College 33 members of its faculty and staff while furloughing another 20. That amounts to nearly 30 percent of the workforce at the small private liberal arts college.

Quest Diagnostics is furloughing nearly one in every 10 employees, more than 4,000 people, following a decline in testing that's not related to the coronavirus.

Starting on May 1, the firm will also be furloughing some business professionals and staff attorneys, but the total number of those affected was not clear.

Tax codes demystified Your guide to what the numbers and letters mean, how to spot if yours is wrong and why furloughing can confuse matters.

The measures including furloughing 9% of employees from May 1 to July 31. Bankoff said this will include some employees in sales, sales support, production, events, IT and office operations, along with editorial staff at SB Nation and Curbed.

The nation's largest newspaper chain, Gannett, is furloughing thousands of reporters, and layoffs have hit virtually every major publication.

The research also suggested that in the past five years, the companies which are furloughing spent a combined £321 million on CEO pay, £26 billion in shareholder dividends and made £42 billion in profit.

The Walt Disney Company says it will begin furloughing employees on April 19th.

Tottenham Hotspur and Liverpool both came under fire for furloughing non-playing staff — decisions they later reversed.