Home breadcru News breadcru Announcement breadcru Nordstrom lays off 521 people in home state

Nordstrom lays off 521 people in home state

23 Jul '20
1 min read
Pic: Nordstrom
Pic: Nordstrom

Nordstrom confirmed the termination of 521 employees in its home state Washington through a worker adjustment and retraining notification notice received recently by the state’s employment security department. The permanent layoffs began on May 8 as the ongoing coronavirus pandemic swept the country and forced the closure of the retailer’s physical stores.

As part of the WARN Act, employers with 100 or more workers are required to notify impacted workers at least 60 days prior to layoffs or store closures.

Early this month, Nordstrom told a US media outlet that it was ‘making adjustments’ in response to shifting consumer behaviours amid the current health crisis.

According to the company, every eligible employee received a severance package that includes benefits.

In an effort to reduce expenses and maintain liquidity amid a challenged macroeconomic environment, Nordstrom has recently taken several steps, including announcing plans to permanently shutter 16 of its full-time stores and three Jeffrey boutiques.

ALCHEMPro News Desk (DS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!