Companies Giving Finance Leeway to Furloughed Employees


Flcikr CC via Toyota UK
The government shutdown has been keeping thousands of federal employees from receiving their paychecks.  Some generous companies, such as Toyota, are showing support and understanding for these furloughed workers, who have not been to work in two weeks due to a deadlock in congress over federal spending.

Several car companies are showing support and forgiveness.  Hyundai, Nissan and Toyota are allowing deferred payments from their financing departments for employees that may get behind in paying bills while they are not receiving a paycheck.  All three automobile companies are offering a three month deferral on car payments.  Toyota’s announcement is also including workers who have been hurt due to loss of business from the shutdown, such as contractors and suppliers.  The deferral is for any customer using Toyota or Lexus Financial Services.

Flickr CC via GMW Design
Other businesses have shown support for furloughed workers through discounts and free merchandise.  Politically outspoken Starbucks CEO Howard Schultz announced that anyone who buys someone else a coffee drink will get free coffee.  This was announced shortly after Schultz urged the government to end the shutdown.  Boston Market also has given away free rotisserie chickens to federal employees and military personnel.  The cinema chain AMC offered free popcorn to any furloughed employees.

The government shutdown, which appears to be showing no signs of ending, has retailers nervous as the holiday season approaches.  Macy’s has already announced Black Friday sales will start early, on Thanksgiving.  Although federal employees make up a small percentage of the workforce, concerns for the economic situation in relation to the troubles in Washington has many businesses concerned.

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