FakeSheikh2
Old-Salt

Company I work for has decided that we will all take a 10% pay cut for at least the next 6 months?
This is due to the massive downturn in business expected due to the Corona Virus.
Can they legally do this as my employment contract says £xxk per year.
OK, I keep my job but at a considerable cost to me of a loss in salary?
The issue is before I joined they did this back in 2008 and after the financial crisis pay stayed the same and no increase. Only way was to ask for a pay rise, in effect most were on a lower pay for at least 1 year whilst the business profit grew considerably in this time.
Any thoughts from those in the know?
This is due to the massive downturn in business expected due to the Corona Virus.
Can they legally do this as my employment contract says £xxk per year.
OK, I keep my job but at a considerable cost to me of a loss in salary?
The issue is before I joined they did this back in 2008 and after the financial crisis pay stayed the same and no increase. Only way was to ask for a pay rise, in effect most were on a lower pay for at least 1 year whilst the business profit grew considerably in this time.
Any thoughts from those in the know?