Rockwell Automation to Restore Salaries, Retirement-Plan Match

Rockwell Automation Inc.  (ROK) – Get Report said on Thursday that in November it would reverse salary reductions and reinstate 401(k) retirement-plan matches for its U.S. employees.

The cuts were implemented in May due to the economic effects of the coronavirus pandemic.

“Disciplined control of costs and a gradually improving market environment enable us to reverse these actions before the end of the calendar year, one month earlier than the plan we announced in July,” Blake Moret, chairman and chief executive of the Milwaukee provider of industrial automation and information services, said in a company statement.

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