variety.com
Adam Aron
Amc Theatres
Canada
Coronavirus
and
Adam Aron
Amc Theatres
Canada
AMC Theatres Furloughs CEO and Staff as Coronavirus Pandemic Closes Cinemas
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variety.com
variety.comAMC Theatres, the nation’s biggest cinema chain, furloughed its employees after the coronavirus outbreak forced movie theaters across the country to close.
The action extends to every corporate AMC staff member, including chief executive officer Adam Aron. Last week, AMC announced its 634 locations in the U.S.
and Canada, and more than 1,000 venues worldwide would indefinitely shutter because of the global health crisis. The closures leave AMC with no source of revenue, while still having to pay hefty overhead costs.
AMC said the company does not plan to terminate any corporate employees. However, they were forced to implement a furlough plan to preserve cash and ensure the chain can reopen when the world has recovered from the coronavirus
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