Hi...
My company was recently taken over by a larger org and we were all issued with new contracts. One of the clauses on remuneration states, in simple terms, that the company has the right to change your salary, at its sole discretion subject to performance reviews....of course, this means they can cut my salary with little notice! The rumour mill is currently telling me that my 'old' company paid alot better than the new one....and thus , the minute we sign....they will be adjusting all our salaries in line with theirs.....I dont want not to sign either though - as I will loose out on other Ts and Cs eg maternity pay if I dont....
Any advice? I presume company can do this??
Mauraf
My company was recently taken over by a larger org and we were all issued with new contracts. One of the clauses on remuneration states, in simple terms, that the company has the right to change your salary, at its sole discretion subject to performance reviews....of course, this means they can cut my salary with little notice! The rumour mill is currently telling me that my 'old' company paid alot better than the new one....and thus , the minute we sign....they will be adjusting all our salaries in line with theirs.....I dont want not to sign either though - as I will loose out on other Ts and Cs eg maternity pay if I dont....
Any advice? I presume company can do this??
Mauraf