Philip Morris International Inc. (PM) said Thursday it will not terminate any workers during the coronavirus pandemic except for cause and will continue to pay all employees their regular compensation, even if they are unable to fulfil all of their professional duties due to stay-at-home mandates or other issues. The Marlboro cigarette maker said it's putting any restructuring plans on hold for now and will offer awards to workers who have to be physically present at their jobs, such as those who work in factories, warehouses, in the field of in offices, where local regulations still allow that. Shares were slightly lower premarket.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 09, 2020 06:42 ET (10:42 GMT)
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