Regis Announces Additional Measures To Mitigate Impact Of COVID-19

(RTTNews) - Regis Corp. (RGS) has temporarily closed all of its corporate owned salons for a period of at least two weeks due to the continuing uncertainty around the COVID-19 crisis. Also, the company is implementing a furlough program which impacts a substantial majority of its workforce representing approximately 485 positions.

The company also implemented tiered temporary wage reductions for the CEO (60% reduction), vice presidents and above (30% reduction) and 20% for substantially all other employees who will be working full time during the period of the furlough.