Business

CMC announces furloughs, reduced hours amid COVID-19 financial challenges

Tuesday morning CMC announced the difficult but temporary decision to place 423 employees on a 60-day furlough beginning Sunday, April 26.  This represents about 13 percent of our workforce.  An additional 914 employees, or 29 percent, will have hours reduced.  This includes employees whose schedules were already affected by our COVID-19 response.  Furthermore, leaders at the vice president level and above are taking a 15 percent pay cut and executive directors are taking a 5 percent cut.  READ MORE