Briggs & Stratton Corp. (BGG) announced that it would reimburse salaried employees 75% of wages lost during a temporary wage reduction from July 1 through December 31, 2009. The company implemented a 10% pay reduction for all of its domestic salaried employees in mid 2009 and also suspended its 401(k) contributions during that time. On January 1, 2010, the Company also restored its employee's salaries as well as the Company's 401(k) matching contributions.
The company said Todd Teske began his newly appointed position as President & Chief Executive Officer on January 1, 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.