Nexans: directors agree to pay cut
(CercleFinance.com) - Nexans announces that its CEO Christopher Guérin has committed to reducing his compensation by 30% in April and May 2020, and that the other members of the executive committee have agreed to reduce their pay by 15% over the same period.
The cable group's top managers will be asked to agree to make this effort as well. Board members and its chairman, Jean Mouton, for the same reasons, have pledged to reduce their remuneration by 30% in April and May.
For front-line employees, who need to go to production, logistics and installation sites, Nexans has decided to pay an exceptional monthly bonus of 750 euros, which will apply for as long as the crisis lasts.
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