GNC Holdings to Reduce Op Expenses, Furlough Workers
GNC Holdings to Reduce Op Expenses, Furlough Workers
DJ GNC Holdings to Reduce Op Expenses, Furlough Workers
By Stephen Nakrosis
GNC Holdings Inc. on Friday said it planned to reduce operating expenses and furlough workers as it deals with the continued impact of the Covid-19 pandemic.
"Given the unprecedented economic disruption caused by this health crisis, management has implemented measures to reduce expenses and maintain flexibility to manage through these challenging times," the company said.
GNC said operating expense reduction will include a hiring freeze and the elimination of corporate merit increases, along with other initiatives.
Costs across the business will be reduced with the exception of digital capabilities, GNC said.
The company also said "a significant portion of our store and corporate associates across all levels of the organization" will be temporarily furloughed. "Furloughed associates will maintain health benefits in GNC sponsored plans with 100% of the premium funded by GNC throughout at least the month of April," the company said.
"These decisions were extremely difficult but necessary as we navigate the challenges ahead of us. We are focused on our people and our business, and because of that we had to take decisive action," said Ken Martindale, GNC's chairman and chief executive.
GNC Holdings sells health and nutrition products.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 03, 2020 17:04 ET (21:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ GNC Holdings to Reduce Op Expenses, Furlough Workers
DJ GNC 控股有限公司將降低運營開支，休假工人
By Stephen Nakrosis
斯蒂芬·納克羅西斯
GNC Holdings Inc. on Friday said it planned to reduce operating expenses and furlough workers as it deals with the continued impact of the Covid-19 pandemic.
GNC 控股公司周五表示，計劃減少運營費用和休假工人，因為它應對 Covid-19 大流行的持續影響。
"Given the unprecedented economic disruption caused by this health crisis, management has implemented measures to reduce expenses and maintain flexibility to manage through these challenging times," the company said.
該公司表示：「鑑於這場健康危機造成前所未有的經濟破壞，管理層已實施措施以降低開支並保持靈活性，以便在這些充滿挑戰的時期進行管理。」
GNC said operating expense reduction will include a hiring freeze and the elimination of corporate merit increases, along with other initiatives.
GNC 表示，減少營運費用將包括雇用凍結和消除企業價值增加，以及其他舉措。
Costs across the business will be reduced with the exception of digital capabilities, GNC said.
GNC 說，除了數字功能之外，整個業務的成本將降低。
The company also said "a significant portion of our store and corporate associates across all levels of the organization" will be temporarily furloughed. "Furloughed associates will maintain health benefits in GNC sponsored plans with 100% of the premium funded by GNC throughout at least the month of April," the company said.
該公司還表示，「我們的商店和企業夥伴中有很大一部分橫跨組織的各個層面」將暫時休假。該公司表示：「休假的同事將維持 GNC 贊助計劃中的健康福利 100% 由 GNC 資助的保費至少在四月份,」該公司說.
"These decisions were extremely difficult but necessary as we navigate the challenges ahead of us. We are focused on our people and our business, and because of that we had to take decisive action," said Ken Martindale, GNC's chairman and chief executive.
「當我們應對前面的挑戰時，這些決定非常困難，但是必要的。我們專注於我們的員工和我們的業務，因此我們必須採取決定性的行動，」GNC 董事長兼首席執行官 Ken Martindale 說。
GNC Holdings sells health and nutrition products.
GNC 控股銷售健康及營養產品。
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
-寫信給斯蒂芬·納克羅斯 stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
(完) 道瓊斯通訊社
April 03, 2020 17:04 ET (21:04 GMT)
2020 年四月 3 日 (格林威治標準時間 21:04)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有 (c) 2020 道瓊斯公司
譯文內容由第三人軟體翻譯。
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