AMC Theatres Furloughs CEO and Staff as Coronavirus Pandemic Closes Cinemas
NEW YORK, NY - MARCH, 17: An AMC theater remains closed on March 17, 2020 in New York City. Schools, businesses and most places where people congregate across the country have been shut down as health officials try to slow the spread of COVID-19. (Photo by Victor J. Blue/Getty Images)
AMC Theatres Furloughs CEO and Staff As Coronavirus Pandemic Closes Cinemas AMC is the nations 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.