As the company responds to the rapidly changing COVID-19 crisis, TJX has extended the temporary closure of its stores, distribution centers, offices, and e-commerce sites.
The company has provided ongoing pay and benefits to its associates impacted by these closures and will continue to pay all associates in the U.S. and Canada through the week ending April 11. Following this pay cycle, the company will temporarily furlough the majority of its hourly store and distribution center associates in the U.S. and Canada. For eligible, impacted associates, TJX existing benefits, including health care coverage, will continue during the temporary furlough at no cost.
In Europe, the company said it is taking all necessary steps to participate in government employee assistance programs which generally enable the retailer to keep store and processing center associates in employment while accessing essential government programs. In Australia, TJX is also taking steps to participate in recently established government employee plans which will help support ongoing employment for associates.
“We are making every effort to prepare for re-openings, as soon as we believe we can operate safely in the communities we serve. We have a senior management team with deep TJX and retail experience who are dedicated to successfully managing our response through this situation, while continuing to focus on the long-term vision for our company. To illustrate our management team’s strong commitment, we have decided to temporarily reduce salaries of TJX’s senior executive leadership team, including myself and our executive chairman. We have also temporarily reduced the compensation of our board of directors,” said Ernie Herrman, CEO and president of The TJX Companies.