Komori
CVS Bay Area (2687) · InitiativeFirst stated

Reducing Labor Costs Through Temporary Leave and Lower Director Compensation

First written in FY2021-Q2. . Latest entry: FY2021-Q2.

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Reducing Labor Costs Through Temporary Leave and Lower Director CompensationA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2021-Q2First statedAnnual report

    「Along with efforts to reduce operating costs, the company implemented temporary furloughs for some employees in the hotel and convenience store businesses and in administrative departments, and also worked to reduce labor costs, including by cutting executive compensation.」

    As specific measures to address declines in the number of hotel guests and store visitors, the company implemented temporary furloughs for some employees and cut executive compensation.
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