Winston-Salem - Activewear and sock giant HanesBrands has announced that it is taking actions to navigate the global economic environment caused by the Covid-19 pandemic, including limiting discretionary spending, reducing executive pay, managing inventory, leveraging the company’s e-commerce business across the online channel, and diversifying production to include face masks.
The company has instituted temporary pay cuts for executives and salaried employees, ranging from 10% to 30%, depending on employee level. The company is also ramping up additional production to make more than 320 million FDA-approved all-cotton face masks over the coming weeks that can be used in the efforts to stem the spread of the novel coronavirus that causes Covid-19.
