Connect with us

Headlines

Signet Jewelers Furloughs Workers

Stores have been closed since March 23.

mm

Published

on

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.”

CLIENTBOOK PRESENTS: Do It Now! Drive Your Fourth-Quarter Sales to Record-Setting Levels with Clienteling
Sponsored Webinars

CLIENTBOOK PRESENTS: Do It Now! Drive Your Fourth-Quarter Sales to Record-Setting Levels with Clienteling

Podium Presents: 5 Crucial Customer Experience Improvements to Make as You Reopen
Sponsored Webinars

Podium Presents: 5 Crucial Customer Experience Improvements to Make as You Reopen

Selling Against the Internet & Maximizing Sales
Sponsored Webinars

Selling Against the Internet & Maximizing Sales

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.

 

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

Downsizing? Wilkerson Is Here to Help

Orin Mazzoni, Jr., the owner of Orin Jewelers in Garden City and Northville, Michigan, decided it was time to downsize. With two locations and an eye on the future, Mazzoni asked Wilkerson to take the lead on closing the Garden City store. Mazzoni met Wilkerson’s Rick Hayes some years back, he says, and once he made up his mind to consolidate, he and Hayes “set up a timeline” for the sale. Despite the pandemic, Mazzoni says the everything went smoothly. “Many days, we had lines of people waiting to get in,” he says, adding that Wilkerson’s professionalism made it all worthwhile. “Whenever you do an event like this, you think, ‘I’ve been doing this my whole life. Do I really need to pay someone to do it for me?’ But then I realized, these guys are the pros and we need to move forward with them.”

Promoted Headlines

Most Popular