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Home » Fitness » Life Time Fitness CEO: 90 percent of workforce will be furloughed without ‘end date’ for economic shutdown – Fox News

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Life Time Fitness CEOBahram Akradi said Wednesday his company will be forced to furlough almost all of its workforce if Congress doesn't act and President Trump is unable to set an "end date" for the economic shutdown caused by coronavirus.

Because governors in states such as Pennsylvania, New York, New Jersey and California have deemed many businesses "non-essential" or "non-life-sustaining," places like Life Time Fitness have been forced to shutter.

Akradi told "The Ingraham Angle" he has been working with his fellow executives to figure out how to keep his 40,000 employees paid and "financially safe" through the coronavirus pandemic's run.

"We made the commitment as soonas this thing broke out a coupleweeks ago:We immediately canceled 100 percent ofmyself and my executive team'scompensation -- that's every lastdollar.We committed to pay our teammembers through Friday,March 29," he said.

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Host Laura Ingraham noted Akradi is one of many executives demonized by liberal politicians in Congress who have decried Republican attempts to help them through this uncertain and tough time -- despite acts of kindness like the one he laid out.

"After what I have seen comes outof these stimulus plans, withouthaving a certain date that weknow we can go back to work, Ihave no choice but to putprobably about 90 percentof my 40,000people on furlough," Akradi warned.

He went on to praise President Trump's key actions through this economic downturn, saying he is a good businessman and has the "right instincts."

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Akradi said Trump therefore understands that shuttered businesses cannot survive long without a date certain or financial security.

"If I know I can get my peopleback to work on 15th of April, Iabsolutely would pull them rightback off the furloughimmediately," he said. "If I know thatwe can be back to work by May 1I can make provisions.

With a date certain, "we can make sure all of ouremployees will get full [benefits]," he added.

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Life Time Fitness CEO: 90 percent of workforce will be furloughed without 'end date' for economic shutdown - Fox News

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Home » Fitness » Life Time Fitness CEO: 90 percent of workforce will be furloughed without ‘end date’ for economic shutdown – Fox News