Tjx companies extends store closures, cuts salary for executives

Tjx companies inc - extended store closures.tjx companies inc - expects cadence of re-openings to vary by state and locality in u.s., and by country.tjx companies inc - committed to pay its associates until week ending april 11, 2020.tjx companies inc - implementing temporary furloughs after april 11, 2020 for majority of store and distribution center associates in u.s..tjx companies inc - base salary of ceo and president ernie herrman and executive chairman carol meyrowitz will be reduced by 30%.tjx companies inc - employee benefits for eligible associates will continue during temporary furlough at no cost to impacted associates.tjx companies inc - base salary of each other executive officer of the company will be reduced by 20%.tjx companies - taking comparable actions with respect to portions of non-u.s. workforce and continues to evaluate a variety of additional measures.tjx companies inc - temporary closure of company's stores and distribution centers is expected to have an adverse impact on results.tjx companies inc - also approved salary reductions for other senior executives, and board agreed to a reduction in its cash retainer fees.
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