Some companies are beginning to restore cuts they made to managers’ salaries and bonuses in the early, bewildering days of the pandemic shutdowns, a sign that some industries—and their white-collar workers—are benefiting from glimmers of a recovery while millions of others continue to endure job and income losses. In the first weeks of the pandemic, companies contending with government-ordered lockdowns, plummeting orders and closed stores reasoned that cutting pay could lower costs and stave off greater job losses. Many targeted...

Source: Wall Street Journal August 21, 2020 22:26 UTC