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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