Headlines Signet Jewelers Furloughs Workers Stores have been closed since March 23. Published 11 months ago on April 1, 2020 By INSTORE Staff Share Tweet Signet Jewelers is furloughing some of its workers in response to the COVID-19 crisis. “The decision to implement furloughs was extremely difficult, and like all decisions impacting team members, was taken with the utmost care and attention,” Signet Chief People Officer Mary Liz Finn said in a memo to team members. “Our hope is that by taking necessary temporary measures, we’ll be able to ensure there is a strong Signet to welcome you back when we reopen our stores.” Webinars INSTORE Live 2021 Sponsored Webinars Defining Modern Love with Gen Z Presented by Platinum Guild International and 360 Market Reach Sponsored Webinars GN Diamond Presents: Getting Ready for Xmas — How to Close Sales Quicker The decision affects certain employees in the field and in support centers, according to the memo. The company did not specify the number of employees being furloughed. Signet, whose brands include Kay Jewelers, Zales and Jared, temporarily closed all of its North American stores as of March 23 due to the COVID-19 crisis. At the time, CEO Virginia C. Drosos said store employees would “receive pay and benefits through April 4, 2020 in a combination of base pay and available paid time off provisions” at which time the company would “further assess the situation.” Finn said that during the temporary layoff, employees will maintain their medical, dental and vision benefits. They can apply for unemployment benefits during the furlough. “I want you to know that every decision is being considered with deep thought and care,” Finn wrote. “We took many aggressive actions before the closing of stores made it necessary to also make payroll reductions that impact our people. We believe that making this very difficult decision to furlough team members now will help us save team member jobs in the future.” Advertisement In addition to Kay, Zales and Jared, Signet’s brands include James Allen, Peoples and Piercing Pagoda. Related Topics: COVID-19Latest News TopSignet click to Comment(Comment) Up Next Kate Middleton Forgoes Iconic Engagement Ring Amid COVID-19 Crisis Don't Miss Couture 2020 and Las Vegas Antique Jewelry & Watch Show Canceled Due to COVID-19 INSTORE Staff Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected]. Continue Reading Advertisement SPONSORED VIDEO Wilkerson Testimonials Retirement Made Easy with Wilkerson The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. 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