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PG&E Employees Won't Get $130 Mln In Bonuses After Fire Victims Protest

PG&E Corp. (PCG) is planning to scrap $130 million in bonuses owed to thousands of employees. The move comes after protests from victims of several California wildfires.

"We know that wildfires have created tremendous hardships and stress in the communities we serve in the last few years," a PG&E spokesman said in an email on Friday. "PG&E's senior management team and the company's board of directors have made the decision not to pay out the company's 2018 at-risk short-term incentive program."

The company will notify the bankruptcy court of the change soon.

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