Wednesday, May 6, 2020

Scottish media: Thermo Fisher cutting pay 5%

Via the comments, someone noted that Thermo Fisher is cutting salaries. Here's some indication that it's true, from Scotland: 
HUNDREDS of Scottish workers at a company helping to fight the coronavirus are waiting to learn of the extent of their pay cuts days after bosses announced the move. 
Thermo Fisher Scientific says it is “at the heart of the global response to Covid-19” and is “working with government agencies and researchers to ensure priority access to instruments, consumables, safety supplies and other products to address the outbreak” 
It employs hundreds of people in Scotland, with sites in Perth and Inchinnan, near Glasgow Airport, where the plant operates 24 hours a day, five days a week to make components for the development of medicines.
The US giant has a global team of more than 75,000 people and an annual turnover of more than $25 billion. But on Monday workers were told to expect a pay cut of at least 5%. 
The news came in a webcast from senior management but staff at Inchinnan – who were yesterday warned not to speak to the media in an email to all employees – say they still do not know when the cut is coming or how deep it will be.
Additional evidence came from this tweet, which indicates the pay cuts are global. I can't imagine that Thermo will be the last to do this. Bset wishes to Thermo employees, and to all of us.  

1 comment:

  1. Medium/large UK CRO, had a 5% pay cut until the end of 2020. Also applied across the entire conglomerate of which we are part.


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