PG&E cancels $130 million in worker performance bonuses

California
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SAN FRANCISCO (AP) – Northern California utility Pacific Gas & Electric said it won’t award $130 million in employee bonuses because of its recent bankruptcy filing, a newspaper reported Saturday.

Interim chief executive John Simon cited California’s deadly wildfires and the company’s precarious financial state in an internal email message to workers on Friday, the San Francisco Chronicle reported. Senior leaders and the company’s board of directors supported the decision, he said.

“The more I stepped back and thought about the impacts the wildfires have had on so many people outside our company, regardless of fault, the more I came to believe paying (performance bonuses) in 2018 was not the right thing to do,” Simon said in the email. 

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