Rockwell CEO takes a 25% pay cut, but factory workers get a bonus

摘要

Rockwell Automation has announced that it is cutting the salaries of its non-manufacturing employees temporarily by 7.5%, with chairman and CEO Blake Moret taking a 25% pay cut, and all senior vice-presidents losing 15% of their salaries, as part of the steps that the company is taking "to align its costs with anticipated market conditions in light of the Covid-19 pandemic". However, Rockwell's manufacturing workers will not be affected by the pay cuts and are, in fact, receiving one-off additional payments in recognition of their work in serving the company's customers "during this difficult time".