Quest Diagnostics Furloughs Staff and Makes Other Cost Cuts Quest Diagnostics, a maker of coronavirus-testing kits, is making a series of cost cuts, including staff furloughs and executive-pay cuts. Quest Diagnostics, one of the providers of coronavirus-testing kits, said Tuesday that it was taking cost-cutting measures amid the coronavirus pandemic. Chief Executive Steve Rusckowski's pay will be reduced by 25% for the next 12 weeks. And the board of the Secaucus, N.J., diagnostic-testing provider will take the same cut over the same period. Quest exempt employees will also take a pay cut for 12 weeks, ranging from 20% for the most senior executives down to 5%, depending on level. Quest will furlough employees with diminished work who have "indicated interest to be at home." About 4,000 workers, or 9% of its employee base, have been furloughed. Quest will also suspend the its 401(k) match and other worker-compensation initiatives. It's one of the companies that makes the coronavirus-testing kits that are essential to fighting the pandemic, But the company said that the increase in its covid-19 testing has "not been nearly enough to offset the significant reductions we have seen to Quest's overall testing volumes." They'd declined more than 40% in the last two weeks of March.
There is no doubt that Quest Diagnostics walks the walk, talks the talk and puts America first in the war against our invisible chinese enemy, also known as covid19. As the essential executives at Quest Diagnostics willingly sacrifice, they allow the nonessentials to stay safe at home. What an amazing company. Leadership at it’s finest. This is why we are the industry leader in clinical laboratory medicine. We’ve got this.
Quest Diagnostics isn’t afraid to make the tough decisions, for the American People. We have been charged by the President of the United States to end this crisis. And we take that responsibility seriously. The leadership has sacrificed. We are protecting the nonessentials and incredible progress has been made. We’ve got this.
HTH is right again. Quest Diagnostics has stepped up and taken charge, while BioReference continues to sit back and do nothing but complain. BioReference is an embarrassment. A stain on the history of the clinical laboratory industry.
you should be very proud yourself and your useless offerings on CP. you live a sad existence considering your addictions and lack of a family life. what an incredible waste
I see your replying to your own posts again. Don't you realize that the body of your message has the same footprint. Oh, that's right, you're not a programmer. Just a big goof. Clue for you sir, (((inspect-elements-event listeners-body contenteditable)))- DING DING DING LMFAO
I find it quite comical with these “we got this “ comments. The only thing you have is your tail wrapped around your nutsack. Hope this helps