U.S. restaurants on track to lose $240 billion by end of 2020: survey

(Reuters) – U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by the end of 2020, as the coronvirus crisis ravages the industry, according to a National Restaurant Association survey released on Monday.

Two thirds of U.S. restaurant workers – or 8 million people – have been laid off or furloughed as 4 in 10 restaurants are closed, but at least 60% of operators say existing federal relief programs will not help them prevent more layoffs, the survey found.

Reporting by Hilary Russ; Editing by Chizu Nomiyama

Panorama Hispano is the regional news and information newspaper for Hispanic and other diverse communities.

US Hispanics are now the largest ethnic minority in the United States numbering 54.2 million as of July 2014. Serving: Buffalo, Rochester, Fredonia, Niagara Falls, NY and Erie, PA. Outside our Market area: Visit our affiliate at: http://www.impremedia.com/

Contact us: Contact@PanoramaHispanoNews.com

Featured News

Apr 27, 2026
Charting the surge in Latino or Hispanic-owned businesses in the US

Latino or Hispanic business owners capitalized on economic opportunity between 2017 and 2024, creating thousands of firms that benefited the […]

Read More
Apr 27, 2026
Marathon milestone shattered: Sabastian Sawe breaks the fabled 2-hour barrier by 30 seconds

LONDON (AP) — A pair of African distance runners took down what was once among the most unthinkable records in […]

Read More
Apr 27, 2026
‘Michael’ moonwalks to $97 million opening, shattering record for music biopics

By: Jake Cole NEW YORK (AP) — “Michael,” the big-budget Michael Jackson spectacle, shrugged off bad reviews and a troubled […]

Read More

popular categories

Featured (5,518)
Mundo Latino (2,115)
Locales / Regional (1,273)
Buffalo (2,145)
Dunkirk (1,695)
Rochester (1,661)
PA (1,250)
Negocios / Tecnología (1,091)
Tecnología y Science (220)
Salud (571)
Deportes (961)
Entretenimiento (814)
Extras (456)
Movies (232)
Viajes, Vida y Estilo (726)
Copyright © 2026 Panorama Hispano News. All Rights Reserved.
crossmenuchevron-downmenu-circlecross-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram