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Regis temporarily closes stores, furlough employees

Mar. 31, 2020 6:27 AM ETRegis Corporation (RGS) StockBy: Gaurav Batavia, SA News Editor1 Comment
  • Regis (NYSE:RGS) has temporarily closed all of its corporate-owned salons for a period of at least two weeks, effective immediately.
  • The company furlough the majority of its workforce, representing approximately 485 positions across its corporate office, field support and distribution centers.
  • 60% wage reduction for the CEO, Board to waive its fees, 30% reduction for vice presidents and above and 20% for substantially all other employees who will be working full time.
  • Source: Press Release

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