More economic carnage: 24 Hour Fitness files for bankruptcy as it permanently closes more than 130 clubs in 14 states and fires employees over phone calls

• 
  24 Hour Fitness announced it filed for Chapter 11 bankruptcy on Monday 
• CEO Tony Ueber said the coronavirus pandemic’s impact on the US economy was to blame 
• It permanently closed more than 130 clubs in the US, leaving about 300 24 Hour Fitness locations operating
• A number of employees were reportedly fired last Wednesday via phone call
• Gold’s Gym was the first major US gym to file for bankruptcy in May
• Several other companies have filed for bankruptcy as US industries struggle to regain lost finances 
• Retailers like JCPenney and J.Crew filed for Chapter 11 bankruptcy in May while car rental service Hertz filed soon after  
• Here’s how to help people impacted by Covid-19

By LAUREN EDMONDS FOR DAILYMAIL.COM

24 Hour Fitness on Monday announced it filed for bankruptcy due to the economic impact of the coronavirus pandemic as it shuttered more than 130 stores and fired a number of employees.

The nationwide fitness chain filed for Chapter 11 bankruptcy, which allows the company to keep operating as it organizes payments with creditors and gradually repays debts. 

In the Chapter 11 filing, 24 Hour Fitness secured $250million in funding to help reopens some of its clubs, and the company hopes to be near full operations by the end of June…….more here

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