Listed Firm Slashes Pay By 20% Despite Revenue Growth Prediction
The firm has also redeployed staff from less active areas of the business to help with increased workloads elsewhere.
May 26, 2020 at 06:00 AM
2 minute read
U.K. listed law firm Gateley has introduced a firmwide 'salary sacrifice' as part of its latest financial measures to combat the coronavirus pandemic.
The firm has cut all salaries by 20% for May and June, with the firm reviewing action for beyond that time, according to a spokesperson.
The firm added that salary cuts have not been combined with a reduction in working hours as it is a "temporary measure".
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