A new $28 billion relief package would avert layoffs of airline employees as the industry continues to struggle with the COVID pandemic.
Overall, at least 77% of adults said they were at least “doing OK” in July, up from 72% in April.
Many companies will struggle as the COVID recession continues and will look to CROs for guidance.
The group is now predicting a 4.5% contraction for this year, citing the swift recovery in output since coronavirus containment measures were eased.
The layoffs will “further align [Kohl’s] cost base in response to the business impact resulting from the COVID-19 pandemic."
High unemployment and economic anxiety will weigh on consumers, keeping sales well below last year's 4.1% gain, Deloitte says.
Nearly 1,300 Smithfield workers contracted coronavirus, and four employees died from the virus in the spring.
Uncertainty creates a lot of market volatility. How closely have you been following the 2020 fluctuations?
The pandemic has chief financial officers once again playing an ever-increasing strategic role in forward-thinking organizations.
The company says its insurers “turned their backs on us" as it tried to recover from store closures due to the COVID-19 pandemic.
Business interruption insurance has offered little protection from the large losses caused by COVID-19 government shutdowns.
Finance chiefs are sticking with their international growth plans despite the pandemic-induced economic downturn.
