Unions representing 25,000 Corus staff put proposal to management
Workers at steel giant Corus have offered to take a 10% pay cut to safeguard their jobs, according to reports.
According to the Financial Times, unions representing up to 25,000 staff have put forward the plan for workers to accept less pay for six months. It is unknown whether the proposals will be accepted by management.
Earlier this week, Corus head Philippe Varin was among business leaders to meet prime minister Gordon Brown to ask for government aid.
The company axed 500 jobs last month and plans to reduce its European output by 30% by March.
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