After the Prime Minister instructed employees to work from home and non-essential businesses to close immediately, such as retailers, gyms, restaurants and pubs, employers have had to put in place contingency plans to support their staff and business.
As a result, many have rolled out pay cuts and started to furlough staff in order to keep businesses afloat during this uncertain time.
For example, HR Grapevine reported last month that US department store Macy’s had furloughed 125,000 staff members due to the coronavirus crisis, while the firm’s Board of Directors would also stop receiving their salaries.
However, former Spice Girl singer and fashion designer Victoria Beckham has since been slammed for her decision to furlough staff, using the Government’s Coronavirus Job Retention Scheme to continue paying employees their wages, despite her reportedly having millions to her name.
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