Briggs & Stratton to Restore Wages Lost in Pay Cut

Briggs & Stratton Corp., the world’s largest maker of engines for outdoor power equipment, will reimburse salaried employees 75% of wages lost during a temporary pay cut from July 1 through Dec. 31.

A 10% wage reduction for all U.S. employees was implemented in mid-2009, and 401(k) retirement savings plan contributions were suspended during that time, the Wauwatosa, Wis.-based company said in a statement.

Employee salaries and matching 401(k) contributions were restored on Jan. 1, Briggs & Stratton said.

“We will see how the upcoming spring selling season goes before we make a decision as to whether or not we can repay the remaining 25%,” Chief Executive Officer Todd Teske said in the statement. Teske became CEO on Jan. 1.