Bam announces 20% company-wide pay cut

By Dave Rogers2020-05-12T05:00:00

Move will last a minimum three months

Bam has confirmed that all its staff will be taking a 20% pay cut until the end of July at least.

The firm, which has already furloughed 500 employees, said: “Sites operating at reduced productivity severely impacts revenues and profitability. We have been cutting costs and using the government’s furlough support and this is not a decision we would ever want to make.”

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