Major Retailer Reduces Paid Holidays, Including Christmas and Thanksgiving, for Hourly Staff
Walgreens has announced a significant change in their holiday policy for hourly employees. The company will no longer provide paid time off for six major holidays, including Thanksgiving and Christmas. This policy shift comes after Walgreens was acquired by Sycamore Partners.
Recent Organizational Changes at Walgreens
This decision is part of a broader restructuring within the company. In the previous month, Walgreens revealed plans to reduce its workforce by laying off approximately 80 corporate employees. Additionally, last year, the pharmacy chain disclosed intentions to close around 1,200 underperforming stores.
Impact on Employees
- No paid time off for Christmas and Thanksgiving for hourly staff.
- Weighty layoffs affecting about 80 corporate positions.
- Closure of approximately 1,200 underperforming stores anticipated.
These changes reflect an ongoing effort by Walgreens to streamline operations and improve profitability following its acquisition. The company has not yet responded to inquiries regarding the backlash from employees affected by these policy adjustments.
