MINNEAPOLIS (AP) — Minneapolis-based retailer Sleep Number said Thursday it has furloughed 40% of its 4,400 employees and reduced hours for 30% more as a result of the coronavirus.
Sleep Number has closed stores and suspended most home delivery during the pandemic.READ MORE: None Hurt After Crews Battle Fire In Minneapolis
The mattress maker also said it’s temporarily suspending matching 401(K) contributions and some other benefits.READ MORE: Driver Leaving Argument In Car Crashes Into House, Police Say
Local news outlets report that President and CEO Shelly Ibach will not receive cash compensation for the remainder of the year, deferring half of it and taking the other half in restricted stock.
Some employees in South Carolina are working in partnership with the South Carolina Hospital Association to make N95 surgical masks. Their work is being funded by the association.MORE NEWS: Free Beer For COVID Vaccine: Brewery Works To Incentivize More People To Get Shots
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