Laing O’Rourke the latest to impose pay cuts for senior staff

laing

Source: Shutterstock

Salaries cut by 30% for around 90 staff

Laing O’Rourke has said that senior management across its group and Europe businesses are taking a 30% pay cut with immediate effect.

The country’s biggest private contractor is the latest to announce the belt tightening measure after Balfour Beatty said last week its senior team was cutting wages by 20% and this morning Kier said it was introducing pay cuts for 6,500 staff of between 7.5% and 25%.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community