Bellway cuts board pay

By Joey Gardiner2020-04-22T08:46:00

Housebuilder latest to cut executive salaries during the lockdown

The management of housebuilder Bellway has agreed to take a 20% voluntary pay cut during the coronavirus outbreak, with the proceeds being donated to Cancer Research.

The firm said in an update to the City this morning that the board of directors had agreed to a voluntary 20% reduction in basic salary and fees from 1 April until 31 May.

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