Authorization

Boston Scientific To Significantly Cut Salaries Of CEO, Directors

(RTTNews) - Boston Scientific Corp. said Thursday that to lessen the impact of the coronavirus pandemic on its business, it will significantly reduce the salaries of its chief executive officer, directors and executive committee members.

The company also intends to temporarily reduce work week schedules for employees, where appropriate.

The medical device maker said these measures are to reduce costs, as it assumes the second-quarter impact of the COVID-19 pandemic will be more significant than the first quarter.

Boston Scientific has put in place other precautionary measures including rotational shifts, segregating buildings, and limiting movement across building sites.

The company noted that as the COVID-19 reached a global pandemic level in March, procedural volumes significantly declined. Emergent procedures were prioritized to help enable increased hospital capacity, while elective procedures were delayed.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июнь 2020    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
2930