Kier cutting salaries by up to 25% as coronavirus mothballs housing sale

By Dave Rogers2020-03-30T07:24:00

Firm to leave historic headquarters earlier than planned

Kier has said it is cutting salaries by up to a quarter and admitted that the process to sell its housebuilding arm has been put on hold.

The firm employs around 18,000 people and in a trading update this morning said around 6,500 employees, including its executive committee, will be taking pay cuts of between 7.5% and 25%. This will run from the beginning of next month until the end of June.

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