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Gloucestershire Business News

Corin vows to keep all employees on full pay

Corin Group, Cirencester

Orthopaedic technology company Corin Group has vowed to retain all its employees at full salary during the coronavirus pandemic - and share bonuses with them.

The Cirencester-based firm made the commitment in a statement on its response to the crisis in which it set out its goals for the rest of the year.

The company said it aimed to sustain itself through the crisis by protecting cash and focusing on "critical initiatives".

A new bonus scheme will redistribute existing executives' and managers' bonuses across all its employees worldwide equally as part of what it describes as a "winning together" culture.

Chief executive Stefano Alfonsi said: "I strongly believe organisations and people are shaped by the environment and experience they are going through.

"COVID-19 is a culture-defining moment for Corin. The way we will react and behave in this crisis will define our culture, our way of working together and eventually our company.

"Our new 2020 goal has been redefined: sustain our company through this situation by protecting our cash and focusing on the critical initiatives to remain well-positioned for the future growth."

He continued: "I want to thank the global Corin team for their dedication. Together we will get through this situation and be stronger as a result."

Corin is one of the fastest-growing international orthopaedic companies with about 900 employees worldwide, around half of them at its headquarters in Cirencester.

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