(WRIC) — Beginning April 18, more than 15,000 CarMax associates will be furloughed as a result of store closures during the COVID-19 pandemic.
The company said in a statement Wednesday that “any ongoing furlough determinations are subject to change due to future government mandates affecting store openings or closings, as well as future business conditions.”
Bill Nash, CarMax president and CEO, called the decision “very difficult.”
“Each and every one of our associates are incredibly important to us,” he said. “We will not rest until we can start pulling our team back together.”
He added: “I believe that these steps will help our company withstand the current environment and successfully emerge from these difficult times.”
CarMax says it will offer transition pay to each impacted employee. Additionally, CarMax will continue to help cover associates’ medical expenses.
The statement adds that Nash will forego 50% of his salary and each member of the company’s senior leadership team is taking a reduction in pay until further notice.
- Coronavirus Timeline: Total COVID-19 cases near 175K, deaths now stand at 2,097 in the state
- CHART: Tennessee Department of Health’s count of coronavirus cases by day in state
- Greene County mayor extends mask mandate through September 30
- Video and pictures of packed house party near KU campus spark concern as virus cases rise
- Tennessee Coronavirus: Two weeks into September, state has seen a 12.48% increase in COVID-19 cases and a 19.56% increase in deaths
- Coronavirus in Tennessee: Knox County reports smallest 1-day increase in new cases so far in September
- Oxford and AstraZeneca resume coronavirus vaccine trial
- Tennessee Coronavirus: Total COVID-19 cases reach 171,824 with 933 new cases reported Sunday
- Coronavirus in Tennessee: Inactive cases rise by 204 as Knox County reports 121 new cases & no new deaths
- As Trump played down virus, health experts’ alarm grew
- Dakotas lead US in virus growth as both reject mask rules
- Tennessee Coronavirus: COVID-19 deaths hit 2,064 with 39 new ones reported Saturday
- Coronavirus in Tennessee: Inactive cases rise by 229 as Knox County reports 189 new cases & 3 new deaths
- As restaurants, bars re-open amid coronavirus, CDC study urges caution
- Ohio college students test positive for coronavirus, throw party