J
Legally, they are perfectly entitled to ask for paycuts....
(A)Is this legal and can companies do this? ...
Yes, unlesss they cease trading because they can't make economies....
(b) As mMost of the staff are on a legally binding contracts doesn't the company have to honour these contracts? ...
Is the company proposing cuts in current salaries or reverting to the old contract rates and cutting those?... (c) What is the position of an employee who has been on the payroll with contract for, say, six years and the salary stipulated six years ago is significantly lower than the salary they are on now.....as wage increases etc kicked in over the last few years? ...
Probably; see my response to (b) above.... (d) are there other options open to our employer that have not been explained to us?...
The only thing that worries me about the last comment is that if your employer cant make it out of this down turn and the worst happens ie that you are made redundant what salary is your redundancy calculated on ie your salary now or one thats 20% less. if he's going under well.........
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