'Now, with the updated stay-at-home directive, as predicted, the situation is expected to worsen before we see improvement,': states the company memo
Numerous furloughed workers at Hollywood's iconic TCL Chinese Theatre and adjoining multiplex were terminated on Wednesday amid the ongoing coronavirus pandemic, which has led to unprecedented cinema closures across the U.S.
"Now, with the updated stay-at-home directive, as predicted, the situation is expected to worsen before we see improvement. This will have a detrimental impact on the finances of TCL Chinese Theatres," states the memo. "It requires the business to make the extraordinarily difficult decision of terminating your employment, effective today, April 1, 2020. This is to ensure TCL Chinese Theatres remains a viable business during these difficult and unprecedented times.
"As with every other company in the entertainment business, and elsewhere, we have been forced to make temporary changes due to the universal suspension of business operations worldwide. This is a 93-year-old iconic business, so we’ll be there for the movie industry and fans when it’s prudent to restart business-as-usual, as deemed by the authorities," the company said in a statement toLate last month, Congress and the White House approved a $2.
"I want to thank you for the time and effort you have devoted to TCL Chinese Theatres thus far. I hope that we can come back stronger than ever once these emergency procedures are lifted," the memo concluded. "Stay healthy and safe."
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