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Hanesbrands Slashes Exec Pay, Furloughs Workers While Scrambling on 320M Masks

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Hanesbrands is taking fresh actions to navigate the global economic environment caused by the COVID-19 pandemic. The basics maker is limiting discretionary spending, reducing executive pay, managing inventory, leveraging the company’s e-commerce business across the online channel, and diversifying production to include in-demand face masks. The company has instituted temporary pay cuts for executives and…

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