French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to its business from the COVID-19 outbreak.
FILE PHOTO: The logo of Michelin Group is seen ahead of a news conference to present the company's 2018 annual results in Paris, France, February 11, 2019. REUTERS/Philippe Wojazer/File Photo
PARIS - French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to its business from the COVID-19 outbreak. Michelin said its managing partners Florent Menegaux and Yves Chapot had agreed to reduce their remuneration by around 25% for the months of April and May 2020.
Members of its Executive Committee had also voluntarilydecided to reduce their remuneration by around 10% during the same period, added the company.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rural Hospital CEO Preps For Rise In Covid-19 CasesDr. Randy Tobler, CEO of Scotland County Hospital in Memphis, Missouri, tells NPR's Michel Martin how his rural medical center is preparing for a rise in coronavirus cases.
Read more »
Jerry Falwell Jr reopens Liberty University, 12 students quickly display COVID-19 symptomsLast week, evangelical pastor Jerry Falwell Jr. ordered his students and staff back to Liberty University. Now, at least 12 students are displaying coronavirus-like symptoms.
Read more »
‘A powder keg waiting to explode’: COVID-19 and incarcerated women - Women’s Media Center“There’s certainly a fear among advocates that scarcity in soap at this moment, when hand-washing can be a life-saving measure, could give staff perpetrators even more power than they already have.”
Read more »
States Are Using the Cover of COVID-19 to Restrict Abortion and Health Care for WomenWith constituents distracted by the deadly pandemic, Republican state legislatures across the country are ramping up efforts to limit access to abortion
Read more »