Nathan Bomey, USA TODAY Published 10:59 a.m. ET March 23, 2020 | Updated 11:20 a.m. ET March 23, 2020CLOSE The CDC and a new study look at how long the coronavirus can live on surfaces. USA TODAYThe company that owns fashion retailer H&M said it would likely implement tens of thousands of layoffs as it reels from the coronavirus pandemic.With H&M stores closed in the U.S., Germany and elsewhere, Hennes & Mauritz AB said Monday it has begun “dialogue about temporary layoffs” that are “likely” to affect tens of thousands of workers, “although it is not currently possible to specify the exact number.”H&M had more than 123,000 employees in 2018, according to its most recent annual report.”The company is also reviewing the potential need to terminate employment due to the negative impact of the corona situation on the business,” H&M said in a statement.H&M is also reviewing other elements of its business, including purchasing, spending decisions and rent payments.The move comes amid an expected tidal wave of layoffs across the retail, restaurant and travel sectors, which have been decimated by the COVID-19 outbreak.Coronavirus updates: CVS to hire 50,000 workers, gives bonuses to employees amid coronavirus pandemicPlan to save that stimulus check?:


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