Due to the pandemic, Hubbell is laying off employees.

According to foreign media reports, the US company Hubbell has begun layoffs. The company's executive explained, "Like many other companies, due to multiple factors, businesses sometimes have to face the difficult decision of layoffs and downsizing. However, we will do our best to help and support employees affected by these layoffs." It is reported that this round of layoffs involves all departments of the company.

It is reported that this layoff involves all departments of the company.

In April this year, due to the impact of the COVID-19 pandemic, Hubbell announced that it would implement a series of cost management measures in response to a challenging and highly uncertain economic environment, in order to maintain organizational growth under such economic uncertainty, including:

The board will waive the quarterly advance payment for the second quarter.

Executive personnel will receive a 25% salary reduction in the second quarter

All other executives will receive a 15% salary reduction in the second quarter

Salaried employees will take two weeks of leave at some point during the second quarter

Other various cost-cutting and cash preservation measures at discretion

Specifically as follows:

“在Hubbell，我们的首要任务是员工大家庭、客户和供应商、社区以及股东的安全和福祉，”Hubbell董事长兼首席执行官Dave Nord说。“Hubbell提供关键任务的电气和公用事业解决方案，使我们的客户能够安全、可靠和高效地操作关键基础设施。我们致力于为客户提供高质量和可靠的产品，并在可能的情况下继续在我们的生产地点开展工作，同时通过在工厂和仓库中实施大范围的清洁消毒、保持安全和远距离的措施来保护员工的安全，尽可能进行远程工作，并提供与COVID-19有关的紧急带薪休假。”