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Sonic Healthcare smashed by COVID-19, flags flat 2020 earnings – The Australian Financial Review
The pathology player’s board and top executives have taken a 50 per cent pay cut, a hiring freeze has been implemented and thousands of staff were furloughed as the pathology giant’s normal testing volumes fell off a cliff.
“Our business in the US did take a hit, like elsewhere at the start of the pandemic volumes fell quite significantly,” he told The Australian Financial Review.
“As you would expect the return to nor…
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