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    COVID-19 deaths exceed $ 17,000 in the United States: report

    WHO Says COVID-19 Pandemic Is One Large Wave, Not Seasonal

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    Flipkart Enters Hyperlocal Service Area With Supply In 90 Minutes

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    Live Updates: Biden Signs Executive Orders for Covid Response

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  • Entertainment
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  • World
    COVID-19 deaths exceed $ 17,000 in the United States: report

    WHO Says COVID-19 Pandemic Is One Large Wave, Not Seasonal

    Flipkart enters the hyperlocal service area with a delivery in 90 minutes

    Flipkart Enters Hyperlocal Service Area With Supply In 90 Minutes

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  • Politics
    Loading the video player

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    The strike spreads across Myanmar, and anti-coup protesters defy the junta's deadly warning

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    Ecuador's Lasso Advances to the President's Runoff Election; Perez denies results

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  • Science
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  • Tech
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    Google had an excellent quarter – theinformationsuperhighway

    Tesla raises price of ‘Full Self-Driving’ option to $10,000

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    WhatsApp is now delivering roughly 100 billion messages a day – theinformationsuperhighway

    Amazon pegs COVID-19 costs at an estimated $4 billion next quarter – TechCrunch

    Amazon pegs COVID-19 prices at an estimated $Four billion subsequent quarter – theinformationsuperhighway

  • Entertainment
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    Mary Cosby Of ‘Real Housewives Of Salt Lake City’ Says She’s Not Attracted To Black Men | Celebrities

    Mary Cosby Of ‘Real Housewives Of Salt Lake City’ Says She’s Not Attracted To Black Men | Celebrities

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    THE BACHELOR - 2505 With an upcoming rose ceremony, Matt has some tough conversations to help the house understand that toxic behavior is not going to fly. But not everyone takes this message to heart, and a woman finds herself in an emotional spiral of denial. Later, the group date reveals the roots of Matt's land and shows who is comfortable when they get dirty. Two one-on-one calls result in shopping for one woman and a delicious home cooked meal for the other on The Bachelor that is MONDAY, FEB. 1 (8: 00-10: 00 a.m. EST) on ABC. (ABC / Craig Sjodin) RACHAEL, MATT JAMES

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Fiat Chrysler executives, salaried workers to take pay cuts throughout coronavirus pandemic By Reuters

by Y9gvFGIPMP
March 30, 2020
in Business
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© Reuters. FILE PHOTO: A Fiat Chrysler Automobiles sign at its US headquarters in Auburn Hills, Michigan
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© Reuters. FILE PHOTO: A Fiat Chrysler Automobiles sign at its US headquarters in Auburn Hills, Michigan

(Reuters) – Fiat The top executives and employees of Chrysler Automobiles NV (MI 🙂 (N 🙂 around the world are in an act of "common sacrifice" caused by the coronavirus pandemic that affects the automaker's plants in Europe and North America closed, cut wages at a company memo seen by Reuters.

Chief Executive Mike Manley said in the memo that he would cut his salary by 50 percent for three months from April 1, while Chairman John Elkann and the FCA Board of Directors will waive the rest of their 2020 compensation. FCA said most global employees are hired to take a temporary 20 percent cut in wages.

"Protecting the company's financial health is everyone's responsibility, and of course it starts with me and the leadership of the FCA," Manley wrote.

According to the memo, members of the automaker's group management board will also cut their salaries by 30 percent.

Last week, U.S. automaker General Motors Co (NYSE: .N) # 1 announced that it plans to keep its factories closed indefinitely, cut employee and executive pay, and suspend some future product programs to help To save money.

GM's chief executive and chief financial officer urged the company's employees in an internal video, saying that "significant savings" are needed to maintain the company's long-term viability.

To save money, Ford Motor Co. (N 🙂 also said that it temporarily lowered top executive salaries.

Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily real-time or correct. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trade losses that you may incur from using this data.

Fusion Media or anyone dealing with Fusion Media are not responsible for any loss or damage caused by trust in the information contained on this website such as data, offers, diagrams and buy / sell signals. Please be fully informed about the risks and costs associated with trading on the financial markets. This is one of the most risky forms of investment that is possible.

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