The Montreal Canadiens are temporarily laying off 60% of employees while the National Hockey League season is suspended.
Groupe CH, which owns hockey’s most storied club, says the layoffs go into effect March 30. Groupe CH also is establishing a $6 million assistance fund that will enhance employment insurance to make sure employees receive 80% of their salary for the following eight weeks and be available for loans to employees.
Owner Geoff Molson says: “We are working extremely hard to limit the impact this situation will have on our employees.”
This article was originally published by Espn.com. Read the original article here.