Americanas lays off more than 5,500 employees in one week

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Retailer stated that 88% of layoffs were related to employees hired temporarily for Black Friday. Lojas Americanas at Resende Shopping, in Rio de Janeiro, in 2018 Emille Rodrigues/g1 Americanas, in the process of judicial recovery since January this year, laid off 5,526 employees in the week from November 27th to December 3rd, according to a regulatory document released by the retailer this Thursday (7). With the layoffs, the company ended the period maintaining a total of 33,861 active workers — almost 10,000 fewer compared to the beginning of this year. The company highlighted that the layoffs include voluntary dismissals (306 records) and 4,876 terminations of temporary contracts. At the other end, it hired 359 employees. AMERICANAS ACCOUNTING BREAKDOWN: THE CHRONOLOGY OF THE CASE After the disclosure, Americanas stated, in a note, that 88% of the dismissals were related to employees temporarily hired for the Black Friday promotional period. In the regulatory document, the company reinforced the seasonality of its workforce due to fluctuations in the retail market. He cited the peaks during celebratory seasons, such as Easter, Black Friday and Christmas, and said that the absolute number of layoffs was in line with periods prior to judicial recovery. To reinforce its operation at Christmas, Americanas announced this week the opening of 7 thousand vacancies in temporary roles.

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