Icon to restore staff pay as business recovers from virus
Clinical trials firm reported 10.8% drop in revenues for the three months to the end of June
Icon, the Dublin-headquartered clinical trials company, is to restore pay for staff as business recovers from the Covid-19 pandemic.
The company, which employs 15,000 people, took an $18 million (€15.5 million) restructuring charge in the second quarter of the year as it cut costs to deal with Covid-19’s impact. As well as putting a freeze on hiring, the firm reduced contract employees and cut some staff salaries.
“These decisions were not taken lightly at that ...