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

26th July, 2020
Icon to restore staff pay as business recovers from virus
Steve Cutler, chief executive of Icon, said that the firm is working with a number of companies on testing Covid-19 treatments

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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

‘I always had entrepreneurial ambitions and this was first-hand evidence of an unmet need’

PM Group reports 30% profits increase and announces 200 new jobs in Ireland

Neuromod Devices to double Irish headcount within next year

Chanelle founder invests €100k in Redesdale Group