Abercrombie & fitch says furloughing north america and emea region store associates beginning april 12

Abercrombie & fitch co. provides additional covid-19-related business update.abercrombie & fitch co - company's online stores remain open globally, and majority of stores in apac region are open.abercrombie & fitch co - in north america and emea region, stores remain closed.abercrombie & fitch co - current environment has resulted in significantly reduced demand, requiring fewer resources to support business.abercrombie & fitch co - furloughing its north america and emea region store associates beginning april 12.abercrombie & fitch - implementing temporary reduction in work schedule, corresponding reduction in pay for about 15% of corporate associates globally.abercrombie & fitch co - temporary reductions in its leadership team's salaries ranging from 10% to 33%.abercrombie & fitch - reductions in its leadership team's salaries from vice president level upwards, including all named executive officers and ceo.abercrombie & fitch co - board of directors' cash retainer will also temporarily be reduced by 50%.abercrombie & fitch co - has cancelled all spring merit raises and promotions.
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