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End of an Era as Art Basel Parent Company MCH Group Lays Off 150 Employees.

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Art workers across the United States have faced layoffs, furloughs, and pay cuts over the past few weeks because of coronavirus shutdowns. While those furloughs have mainly been confined to the museum and gallery worlds, with the Guggenheim Museum and Pace Gallery among the biggest enterprises to have put employees on leave, furloughs are also beginning to go into effect at companies that operate fairs.

According to a report by Artnet News, MCH Group, a company that operates several important fairs, has laid off 150 members of its live marketing division MC2 in the United States. Among the businesses owned by MCH Group is Art Basel, a fair with editions in Switzerland, Hong Kong, and Miami Beach, and Masterpiece, which holds fairs in London and Hong Kong.

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