AMC Theatres Furloughs CEO and Staff As Coronavirus Pandemic Closes Cinemas

AMC is the nation’s largest cinema chain. The coronavirus has brought the movie business to a halt. AMC has furloughed more than 600 corporate employees. More than 26,000 theater employees had to be furloughed or let go. The company instituted a furlough plan to preserve cash. AMC has borrowed over $300 million dollars in response to the coronavirus.

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