Office products company Acco Brands Corp., plans dramatic wage cuts for most of its 2,000 U.S.-based employees next month in a bid to improve its first-quarter performance.
The Lincolnshire-based company Monday morning notified employees that for six weeks beginning Feb. 23, they will receive 53 percent of their normal salaries. Afterward, and through the end of June, they will receive 80 percent of their salaries.
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