Three things to know:
1. Zimmer Biomet has three manufacturing facilities in Ireland and is one of the biggest employers in Clare, according to Claude Costelloe, general manager of Zimmer Biomet Ireland’s manufacturing facilities.
2. The company projects first-quarter revenues to decrease about 10 percent and is expecting COVID-19 to negatively affect its second-quarter revenues.
3. Zimmer Biomet CEO Bryan Hanson is temporarily forgoing his salary, and several executives have had their compensation reduced during the COVID-19 pandemic.
More articles on devices:
Geoff Martha, Kevin Lobo & more: 5 CEOs to know in the spine industry
Wright Medical inches toward sale, makes pay cuts due to pandemic: 5 updates
How COVID-19 has affected Medtronic, Stryker, Johnson & Johnson’s shares over the last month
