NASHVILLE, Tenn. (WTVF) — Genesco Inc. announced Monday the company will furlough its employees in its Middle Tennessee corporate office, call centers and distribution centers, reducing its company-wide workforce by 90 percent.
Furloughed employees will continue to receive company-offered health care benefits and Genesco will pay both employee and company premiums.
The company said its more "highly compensated" employees will have their pay reduced.
Previously, Genesco closed all its stores in North American and the United Kingdom
President and CEO Mimi E. Vaughn and Executive Chairman Robert J. Dennis will not receive a salary beyond benefits during this time. Genesco said senior management employees who will continue to receive a salary will have it reduced by 50 percent.
Genesco Inc. is a Nashville-based retailer that sells footwear and accessories under the brands Journeys, Journeys Kidz, Little Burgundy Shoes, Schuh and Johnston & Murphy.
