Tim Boyle, president and CEO of Columbia Sportswear Company, is cutting his salary to $10,000 to keep his employees paid during the coronavirus crisis.
Tim Boyle, president and CEO of Columbia Sportswear Company, is cutting his salary to keep his employees paid during the coronavirus crisis.
Boyle reduced his salary to $10,000, Mary Ellen Glynn, Columbia's director of corporate communications, said in a statement. Boyle made $3.3 million in 2018, according to The Oregonian. His decision to take a paycut comes after Columbia Sportswear, like many stores across North America, closed its doors on March 16 following coronavirus restrictions. The company's roughly 3,500 retail employees were at risk of losing their jobs or not getting paid.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The latest sign the recession is intensifying: White-collar workers are being laid off nowService sector jobs got slammed early in the coronavirus crisis, now it's tech, legal and other professionals reporting layoffs, pay cuts and furloughs.
Leer más »
10 Essential Queer Music Movies to StreamTo help get you through self-isolation during the coronavirus crisis, we’ve picked out 10 of the best LGBTQ music movies available to watch online from home.
Leer más »
Celeb surgeon Dr Esho returns to NHS after baby was hospitalised with ventilatorWhen Dr Esho's baby son was hospitalised during the coronavirus crisis, he realised how much the NHS desperately needed his help, and he returned for free
Leer más »
WFH with a roommate or loved one? 5 ways to avoid killing each otherMany employees working remotely in the midst of the coronavirus crisis are competing with roommates for limited space, internet connection and attention.
Leer más »