Leading managers at French metals and mining group Eramet have agreed to pay cuts, in order to help finance a solidarity plan for staff and communities hit by the coronavirus crisis, the company said on Thursday.
Eramet said its chairman and CEO Christel Bories would forego 25% of her pay and would contribute money saved from that to the company’s solidarity plan.
Recently the company decided to stop work on a lithium production project in Argentina, aimed at shifting the group’s focus towards electric vehicle minerals, due to economic uncertainty created by a coronavirus epidemic.
(By Sudip Kar-Gupta; Editing by Susan Fenton)
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