Fiat Chrysler chief executive Mike Manley will take a 50 percent pay cut for three months as part of efforts to protect the company's financial health during the coronavirus pandemic. The head of the Italian-American automaker made the announcement in a letter to employees obtained Tuesday by AFP. Manley's total remuneration for last year stood at just over $13.2 million. This included a base salary of $1.4 million, according to the company's annual report. The letter says that Fiat Chrysler Chairman John Elkann and members of the company's board of directors were giving up their salaries until the end of 2020. Some other executives were reducing their wages by 30 percent for three months. The letter also says that most company employees will be asked to accept a temporary 20 percent pay cut. Fiat Chrysler has suspended operations across the United States and Europe because of the pandemic. Massive global disruptions caused by the pandemic have cast doubt over Fiat Chrysler's pending merger with Peugeot and Citroen's PSA Group. cco-aro-zak/rl