Caterpillar says it will not give annual salary increases this year

FILE PHOTO: FILE PHOTO: Caterpillar brand is seen./File Photograph

CHICAGO (1) - Caterpillar Inc (CAT.N) on Tuesday stated it will not hand out annual salary increases this year as a part of price minimize plan to take care of the coronavirus financial fallout.

The corporate additionally stated it will not pay out bonuses to eligible workers subsequent year.

Reporting by Rajesh Kumar Singh; Modifying by Chris Reese

Our Requirements:The Thomson 1 Belief Ideas.
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